All Employees: Construction: Heavy and Civil Engineering Construction in Pennsylvania
Annual, Not Seasonally Adjusted
SMU42000002023700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.40
Year-over-Year Change
-10.25%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Statistical Area. It provides insights into regional labor market dynamics and is relevant for policymakers and economists analyzing local employment trends.
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 Annual, Not Seasonally Adjusted employment level is a measure of the total number of employed individuals in the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Statistical Area on an annual basis, without adjustments for seasonal variations. This data series is used to understand long-term employment patterns and inform regional economic and workforce development policies.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and businesses to assess the strength and resilience of the regional labor market.
Key Facts
- The New York-Newark-Jersey City, NY-NJ-PA Metropolitan Statistical Area is one of the largest and most economically significant regions in the United States.
- This employment trend has shown steady growth in recent years, reflecting the region's economic vitality.
- The not seasonally adjusted data allows for direct comparisons of employment levels across different time periods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the New York-Newark-Jersey City, NY-NJ-PA Metropolitan Statistical Area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional labor market dynamics and is closely monitored by policymakers, economists, and businesses to assess the strength and resilience of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and institutions to inform regional economic and workforce development policies, as well as to analyze the overall health of the local labor market.
Q: Are there update delays or limitations?
A: The not seasonally adjusted data is typically released with a shorter delay than the seasonally adjusted figures, providing more timely insights into regional employment trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU42000002023700001A), retrieved from FRED.