All Employees: Professional and Business Services: Scientific Research and Development Services in Pennsylvania
SMU42000006054170001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.30
Year-over-Year Change
1.47%
Date Range
1/1/1998 - 7/1/2025
Summary
This economic trend measures employment levels in the scientific research and development services industry in Pennsylvania. It is a key indicator of activity and investment in the state's innovation 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: Professional and Business Services: Scientific Research and Development Services in Pennsylvania series tracks monthly changes in employment for this specialized industry sector. It provides insights into the strength and growth of Pennsylvania's knowledge-based economy.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the health and competitiveness of Pennsylvania's research and development ecosystem.
Key Facts
- Pennsylvania has over 75,000 scientific R&D jobs.
- This sector accounts for 2.5% of the state's total employment.
- Employment has grown 10% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly employment levels in the scientific research and development services industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of Pennsylvania's knowledge-based economy, which is a key driver of innovation and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and competitiveness of Pennsylvania's research and development ecosystem, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Scientific Research and Development Services in Pennsylvania (SMU42000006054170001), retrieved from FRED.