All Employees: Retail Trade: Department Stores in Pennsylvania
SMU42000004245510001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.10
Year-over-Year Change
-3.13%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the retail trade department store industry in Pennsylvania. It is an important indicator of consumer spending and the overall health of the state's economy.
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: Retail Trade: Department Stores in Pennsylvania metric tracks the monthly employment levels in this critical sector. Analyzing this data can provide insights into consumer confidence, spending patterns, and economic conditions within the state.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, market analysts, and businesses to gauge Pennsylvania's economic performance and consumer demand.
Key Facts
- Pennsylvania has the 6th largest retail economy in the U.S.
- Department stores account for over 20% of retail employment in the state.
- Employment in this sector has declined by 25% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the retail trade department store industry located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the overall health of Pennsylvania's economy, making it a key indicator for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge consumer confidence, spending, and broader economic conditions within Pennsylvania, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Department Stores in Pennsylvania (SMU42000004245510001), retrieved from FRED.