All Employees: Service-Providing in Pennsylvania
SMU42000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,376.20
Year-over-Year Change
2.26%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator tracks the total number of service-providing employees in Pennsylvania, providing insight into the health and composition of the state's labor market.
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: Service-Providing in Pennsylvania measure includes workers in industries such as trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services. This data helps economists and policymakers assess economic conditions and guide decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to monitor the service sector, which is a critical driver of economic activity and employment in Pennsylvania.
Key Facts
- Pennsylvania's service sector accounts for over 80% of total employment.
- The service-providing industry has seen steady job growth in Pennsylvania in recent years.
- Monitoring service-sector employment is crucial for understanding the overall health of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of service-providing employees in the state of Pennsylvania, including workers in industries like trade, transportation, healthcare, and hospitality.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a major driver of economic activity and employment in Pennsylvania, so this data provides important insights into the health and composition of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor the service sector, which is crucial for understanding overall economic conditions and guiding decisions in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Pennsylvania (SMU42000000700000001), retrieved from FRED.