All Employees: Financial Activities in Pennsylvania
PAFIRE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.00
Year-over-Year Change
0.82%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Financial Activities in Pennsylvania' trend measures employment levels in the financial sector across the state of Pennsylvania. This data provides valuable insights into the strength and growth of the state's financial industry.
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
This series tracks the total number of employees working in financial activities, including banking, insurance, real estate, and other finance-related businesses, within the state of Pennsylvania. It is an important economic indicator used by analysts and policymakers to gauge the health and performance of the state's finance-related industries.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Pennsylvania's financial employment are closely monitored by state and federal policymakers to inform economic policies and investment decisions.
Key Facts
- Pennsylvania is a major hub for the financial services industry in the U.S.
- The financial sector accounts for over 7% of Pennsylvania's total employment.
- Financial activities employment in Pennsylvania has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the financial activities sector, including banking, insurance, real estate, and other finance-related businesses, within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the strength and performance of Pennsylvania's financial industry, which is a critical component of the state's economy. It is closely monitored by analysts and policymakers to inform economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Pennsylvania's financial employment are closely monitored by state and federal policymakers to inform economic policies and investment decisions related to the financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Pennsylvania (PAFIRE), retrieved from FRED.