All Employees: Durable Goods: Wood Product Manufacturing in Pennsylvania
SMU42000003132100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
16.40%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Wood Product Manufacturing in Pennsylvania' series tracks employment in the wood product manufacturing industry within the state of Pennsylvania. This trend is an important indicator of economic activity and production in the state's durable goods sector.
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 economic series measures the total number of employees working in the wood product manufacturing industry in Pennsylvania. It provides insight into the strength and performance of a key component of the state's durable goods manufacturing base, which has important implications for the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Pennsylvania's manufacturing sector and make informed decisions about economic and workforce development initiatives.
Key Facts
- Pennsylvania is a major producer of wood products in the U.S.
- Wood product manufacturing accounts for over 25,000 jobs in the state.
- Employment in this industry has seen moderate growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the wood product manufacturing industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and health of a key component of Pennsylvania's durable goods manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of Pennsylvania's manufacturing industry and inform decisions about economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: There may be a short delay in the availability of the most recent data, as it is collected through a survey process.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Wood Product Manufacturing in Pennsylvania (SMU42000003132100001A), retrieved from FRED.