All Employees: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania
This dataset tracks all employees: durable goods: iron and steel mills and ferroalloy manufacturing in pennsylvania over time.
Latest Value
11.20
Year-over-Year Change
-17.65%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in iron and steel mills and ferroalloy manufacturing in Pennsylvania. It provides insights into the health and activity of a critical industrial sector 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: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania data series tracks employment levels in this specialized manufacturing industry. It is used by economists and policymakers to monitor the state's industrial base and broader economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched as an indicator of Pennsylvania's industrial production and manufacturing competitiveness.
Key Facts
- Pennsylvania is a major steel-producing state.
- Employment in this sector has declined over recent decades.
- The industry remains an important part of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of all employees working in iron and steel mills and ferroalloy manufacturing facilities located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and competitiveness of a critical industrial sector in Pennsylvania, which has historically been a major steel-producing state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this employment trend as an indicator of Pennsylvania's industrial production capacity and manufacturing competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a short lag, usually 1-2 months after the reference period. There may be revisions to prior periods as new information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania (SMU42000003133110001A), retrieved from FRED.