All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Pennsylvania
SMU42000003132700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.20
Year-over-Year Change
-4.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the nonmetallic mineral product manufacturing industry in Pennsylvania. It provides insight into a key manufacturing sector and can inform economic policymaking.
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: Durable Goods: Nonmetallic Mineral Product Manufacturing in Pennsylvania series tracks the number of workers employed in this industry within the state. It is an important indicator of activity and competitiveness in this manufacturing segment.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the health and trends within Pennsylvania's manufacturing economy.
Key Facts
- Pennsylvania is a major producer of nonmetallic mineral products.
- Employment in this industry has fluctuated over the past decade.
- The health of this sector can impact broader economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the nonmetallic mineral product manufacturing industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of a key manufacturing sector in Pennsylvania, which can inform economic policymaking and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the health and trends within Pennsylvania's manufacturing economy and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage or sampling that users should be aware of when interpreting this economic trend.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Pennsylvania (SMU42000003132700001A), retrieved from FRED.