Employed Persons in Pennsylvania
LAUST420000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,337,479.00
Year-over-Year Change
6.08%
Date Range
1/1/1976 - 1/1/2024
Summary
The Employed Persons in Pennsylvania metric tracks the total number of people employed in the state. This data point is a key indicator of the state's economic health and labor market conditions.
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 Employed Persons in Pennsylvania statistic represents the total number of people who are currently employed in the state, regardless of industry or occupation. This data is used by economists, policymakers, and analysts to assess the overall strength of Pennsylvania's labor market and broader economic trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Employed Persons in Pennsylvania are closely monitored by state and federal government agencies as well as private sector analysts to inform economic and workforce policies.
Key Facts
- Pennsylvania has a labor force of over 6.3 million people.
- The state's unemployment rate is currently 5.1%.
- Manufacturing is a major industry, employing over 550,000 Pennsylvanians.
FAQs
Q: What does this economic trend measure?
A: The Employed Persons in Pennsylvania metric tracks the total number of people currently employed in the state, across all industries and occupations.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of Pennsylvania's economic health and labor market conditions, providing insights that are crucial for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Employed Persons in Pennsylvania are closely monitored by state and federal government agencies as well as private sector analysts to inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Employed Persons in Pennsylvania (LAUST420000000000005A), retrieved from FRED.