All Employees: Management, Scientific, and Technical Consulting Services in Pennsylvania
SMU42000006054160001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.60
Year-over-Year Change
30.13%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend measures employment in the management, scientific, and technical consulting services industry in Pennsylvania. It is an important indicator of economic activity and workforce trends in a key professional services 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: Management, Scientific, and Technical Consulting Services in Pennsylvania series tracks the total number of individuals employed in this specialized consulting industry across the state. It provides insights into labor market dynamics and business demand for these professional services.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and industry analysts to assess Pennsylvania's professional services sector and broader economic conditions.
Key Facts
- Pennsylvania is a major hub for management and technical consulting firms.
- This industry employs over 100,000 workers across the state.
- Consulting services job growth often precedes broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the management, scientific, and technical consulting services industry across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insights into the strength and growth of a key professional services sector, which is an important driver of Pennsylvania's broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health of Pennsylvania's professional services industry and the broader state economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Management, Scientific, and Technical Consulting Services in Pennsylvania (SMU42000006054160001A), retrieved from FRED.