All Employees: Transit and Ground Passenger Transportation in Pennsylvania
SMU42000004348500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.30
Year-over-Year Change
-0.29%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the transit and ground passenger transportation industry in Pennsylvania. It provides insight into the state's transportation sector and its overall economic activity.
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: Transit and Ground Passenger Transportation in Pennsylvania metric measures the total employment figures for companies involved in providing passenger transportation by road, such as bus, taxi, and limousine services. This data is a key indicator of the vitality and growth of Pennsylvania's transportation infrastructure and mobility.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used by economists, policymakers, and industry analysts to assess the performance and outlook of Pennsylvania's transportation sector and its broader economic implications.
Key Facts
- Pennsylvania has the 5th largest transit and ground passenger transportation workforce in the U.S.
- Employment in this sector has grown by 8% in Pennsylvania over the past 5 years.
- The transit and ground passenger transportation industry accounts for over 2% of Pennsylvania's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transit and ground passenger transportation industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insights into the performance and growth of Pennsylvania's transportation infrastructure, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this employment trend to assess the state of Pennsylvania's transportation sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Transit and Ground Passenger Transportation in Pennsylvania (SMU42000004348500001A), retrieved from FRED.