All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Pennsylvania
SMU42000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.50
Year-over-Year Change
-2.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the electrical equipment, appliance, and component manufacturing industry in Pennsylvania. It is an important indicator of the health and productivity of this critical manufacturing sector.
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: Electrical Equipment, Appliance, and Component Manufacturing in Pennsylvania metric tracks the total employment in this industry within the state. It provides insight into the level of economic activity and labor demand in this specialized manufacturing segment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and industry analysts to assess the competitiveness and growth potential of Pennsylvania's electrical manufacturing sector.
Key Facts
- Pennsylvania is a major hub for electrical equipment and appliance production.
- This industry employs over 50,000 workers in the state.
- Employment levels have remained relatively steady in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the electrical equipment, appliance, and component manufacturing industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the health and activity of a critical manufacturing sector in Pennsylvania, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by government agencies, industry groups, and market analysts to assess the competitiveness and growth potential of Pennsylvania's electrical manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so the most recent figures may not fully reflect the current state of the industry.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Pennsylvania (SMU42000003133500001A), retrieved from FRED.