All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Pennsylvania
SMU42000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.20
Year-over-Year Change
-3.06%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the fabricated metal product manufacturing industry in Pennsylvania, which is an important indicator of economic activity and production capacity 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: Durable Goods: Fabricated Metal Product Manufacturing in Pennsylvania metric tracks the total employment figures for this key manufacturing sector, providing insights into workforce dynamics and industrial output within the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Pennsylvania's manufacturing base.
Key Facts
- Pennsylvania is a major hub for fabricated metal product manufacturing.
- This industry employs over 70,000 workers in the state.
- Fabricated metal manufacturing accounts for 6% of Pennsylvania's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the fabricated metal product manufacturing industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides important insights into the health and competitiveness of Pennsylvania's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this employment trend to assess the strength of Pennsylvania's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Pennsylvania (SMU42000003133200001A), retrieved from FRED.