Average Weekly Hours of All Employees: Manufacturing in Pennsylvania
Annual
SMU42000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.60
Year-over-Year Change
1.02%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment figures for the United States. This key economic indicator provides insight into long-term employment trends and labor market health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual employment trend tracks the yearly average of the monthly employment data published by the U.S. Bureau of Labor Statistics. It is a widely followed indicator used by economists, policymakers, and investors to assess the overall strength and stability of the U.S. labor market.
Methodology
The Annual figure is calculated by taking the arithmetic mean of the 12 monthly employment values for a given year.
Historical Context
Policymakers and analysts monitor annual employment trends to gauge the effectiveness of economic policies and make informed decisions.
Key Facts
- The Annual trend provides a high-level overview of employment in the United States.
- It is calculated as the yearly average of 12 monthly employment figures.
- Annual employment data is a key input for economic policymaking and market analysis.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of monthly employment figures in the United States, providing a high-level view of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Annual employment data is a critical indicator of the overall health and stability of the U.S. labor market, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Annual figure is calculated by taking the arithmetic mean of the 12 monthly employment values for a given year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual employment trend to assess the effectiveness of economic policies and make informed decisions regarding the labor market and broader economy.
Q: Are there update delays or limitations?
A: The Annual employment data is published by the U.S. Bureau of Labor Statistics and may be subject to minor revisions or update delays.
Related Trends
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Number of Identified Exporters to Luxembourg from Pennsylvania
PALUXA475SCEN
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PAMANRQGSP
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Pennsylvania
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All Employees: Financial Activities: Finance and Insurance in Pennsylvania
SMS42000005552000001
Citation
U.S. Federal Reserve, Annual (SMU42000003000000002A), retrieved from FRED.