All Employees: Durable Goods: Transportation Equipment Manufacturing in Pennsylvania
SMU42000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.90
Year-over-Year Change
-3.07%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Transportation Equipment Manufacturing in Pennsylvania' trend measures the total number of employees in the transportation equipment manufacturing industry in Pennsylvania. This provides insight into the strength and labor market conditions within a key segment of the state's durable goods 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
This data series tracks the total number of employees, including production and non-production workers, engaged in the manufacture of durable transportation equipment such as motor vehicles, aircraft, and railway rolling stock within the state of Pennsylvania. It is an important indicator of economic activity and business confidence in a critical industrial subsector.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to assess the health of Pennsylvania's transportation manufacturing industry and its broader economic implications.
Key Facts
- Pennsylvania is a major hub for transportation equipment manufacturing.
- This sector employs over 50,000 workers in the state.
- Employment levels in this industry can signal broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees engaged in the manufacture of durable transportation equipment, such as motor vehicles, aircraft, and railway rolling stock, within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the strength and performance of a critical industrial subsector in Pennsylvania, which can signal broader economic conditions and business confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to assess the health of Pennsylvania's transportation manufacturing industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of about 3-4 weeks.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Pennsylvania (SMU42000003133600001A), retrieved from FRED.