All Employees: Manufacturing: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania
SMU42000003133110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.15
Year-over-Year Change
-0.96%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the iron and steel mills and ferroalloy manufacturing industry in Pennsylvania. It provides insight into the strength and performance of a key manufacturing sector in the state.
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: Manufacturing: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania data series tracks the employment levels in this specialized manufacturing industry within the state. It is an important indicator of activity and growth in Pennsylvania's metals production and processing capabilities.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to assess the health of Pennsylvania's manufacturing base and its broader economic conditions.
Key Facts
- Pennsylvania is a major steel-producing state in the U.S.
- Iron and steel manufacturing employs over 25,000 workers in the state.
- This industry accounts for around 2% of Pennsylvania's total manufacturing jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees working in the iron and steel mills and ferroalloy manufacturing industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and performance of a key manufacturing sector in Pennsylvania, which is important for understanding the state's broader economic conditions and growth prospects.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments 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 assess the health of Pennsylvania's manufacturing base and make informed decisions about economic and industrial policies.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Iron and Steel Mills and Ferroalloy Manufacturing in Pennsylvania (SMU42000003133110001SA), retrieved from FRED.