All Employees: Durable Goods: Primary Metal Manufacturing in Pennsylvania
SMU42000003133100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
-14.61%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the primary metal manufacturing industry in Pennsylvania, a key indicator of economic activity and industrial production in the state.
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 All Employees: Durable Goods: Primary Metal Manufacturing in Pennsylvania data series tracks the monthly employment levels in this important manufacturing sector. It provides insights into the overall health and competitiveness of Pennsylvania's industrial base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring employment trends in primary metal manufacturing is crucial for policymakers and market analysts to assess the state's economic performance and competitiveness.
Key Facts
- Pennsylvania is a major hub for primary metal manufacturing in the U.S.
- Employment in this sector has fluctuated over the past decade due to global market conditions.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the primary metal manufacturing industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in Pennsylvania's primary metal manufacturing sector provides important insights into the state's industrial base and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the competitiveness and health of Pennsylvania's industrial sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with minimal delay.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Primary Metal Manufacturing in Pennsylvania (SMU42000003133100001A), retrieved from FRED.