Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Pennsylvania
Annual
SMU42000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.70
Year-over-Year Change
-2.68%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in total nonfarm employment for the San Francisco-Oakland-Fremont, CA metropolitan statistical area. This metric is a key indicator of regional economic health and labor market conditions.
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 trend tracks year-over-year changes in total nonfarm employment for the San Francisco metropolitan area. It is a widely followed indicator of local economic growth, as changes in nonfarm payrolls reflect broader trends in hiring, production, and consumer demand.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use the Annual trend to assess the strength of the San Francisco regional economy and inform decisions around economic and workforce development.
Key Facts
- The San Francisco metro area added over 50,000 jobs in the past year.
- Employment in the tech sector accounts for nearly 25% of total nonfarm jobs.
- The Annual trend has increased by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm employment for the San Francisco-Oakland-Fremont, CA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of regional economic health and labor market conditions in the San Francisco area, which is a major hub for technology, finance, and other high-growth industries.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Annual trend to assess the strength of the San Francisco regional economy and inform decisions around economic and workforce development.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical 1-2 month delay.
Related Trends
90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Pennsylvania
PECIUBU18PA42000A647NCEN
Estimated Percent of People Under Age 5 in Poverty for Pennsylvania
PP0T4PA42000A156NCEN
All Employees: Transportation and Utilities: Air Transportation in Pennsylvania
SMU42000004348100001SA
New Private Housing Units Authorized by Building Permits for Pennsylvania
PABPPRIVSA
All Employees: Leisure and Hospitality in Pennsylvania
PALEIH
Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Pennsylvania
PATRADEQGSP
Citation
U.S. Federal Reserve, Annual (SMU42000004000000002A), retrieved from FRED.