All Employees: Mining, Quarrying, and Oil and Gas Extraction in Pennsylvania
SMU42000001021000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.90
Year-over-Year Change
-42.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the number of all employees in the mining, quarrying, and oil and gas extraction industries in Pennsylvania. It provides key insights into the state's energy and resource extraction sectors.
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: Mining, Quarrying, and Oil and Gas Extraction in Pennsylvania metric measures the total number of people employed in these industries across the state. It is a valuable indicator of economic activity and labor market trends in Pennsylvania's energy and resource extraction industries.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to gauge the health and outlook of Pennsylvania's energy and resource sectors.
Key Facts
- Pennsylvania is a major energy-producing state.
- The mining and extraction sector employs over 50,000 people in the state.
- Employment in this sector has fluctuated with changes in energy prices and production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the mining, quarrying, and oil and gas extraction industries across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and outlook of Pennsylvania's energy and resource extraction sectors, which are critical components of the state's economy.
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, industry analysts, and investors closely monitor this trend to gauge the performance and outlook of Pennsylvania's energy and resource extraction industries, which inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Mining, Quarrying, and Oil and Gas Extraction in Pennsylvania (SMU42000001021000001A), retrieved from FRED.