Employment Level for Pennsylvania
EMPLOYPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,375,600.00
Year-over-Year Change
8.39%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for Pennsylvania tracks the total number of employed persons in the state. This key metric provides insights into the overall health and growth of the Pennsylvania 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 Employment Level for Pennsylvania is a monthly indicator that measures the total number of individuals employed within the state. It is a valuable metric for economists and policymakers to gauge Pennsylvania's economic performance and labor market conditions.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used to inform economic and policy decisions at the state and federal levels.
Key Facts
- Pennsylvania's employment level reached a record high in 2019.
- The COVID-19 pandemic led to a sharp decline in Pennsylvania's employment in 2020.
- Manufacturing is a key industry driving employment in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for Pennsylvania measures the total number of people employed within the state on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insights into the overall health and performance of Pennsylvania's economy, making it a key indicator for economists, policymakers, and market analysts.
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: The Pennsylvania employment level is widely used to inform economic and policy decisions at the state and federal levels, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The employment data is typically released with a one-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Pennsylvania
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Employed Persons in Pennsylvania
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Total Carbon Dioxide Emissions From All Sectors, All Fuels for Pennsylvania
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State Government Tax Collections, Corporation Net Income Taxes in Pennsylvania
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Citation
U.S. Federal Reserve, Employment Level for Pennsylvania (EMPLOYPA), retrieved from FRED.