All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Pennsylvania
SMU42000003133400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.10
Year-over-Year Change
-11.64%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the number of employees in the computer and electronic product manufacturing industry in Pennsylvania. It provides insight into the state's durable goods manufacturing sector and economic conditions.
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: Computer and Electronic Product Manufacturing in Pennsylvania series tracks the total number of workers employed in this key manufacturing industry within the state. It is an important indicator of production capacity, workforce dynamics, and economic performance.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and industry analysts to monitor Pennsylvania's manufacturing competitiveness and employment trends.
Key Facts
- Pennsylvania is a major hub for computer and electronic product manufacturing.
- This industry employs over 50,000 workers in the state.
- Employment levels fluctuate with economic conditions and technological changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the computer and electronic 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 health and competitiveness 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 surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to monitor Pennsylvania's manufacturing employment and competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the data release, and the survey-based nature of the data may not capture all employment changes.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Pennsylvania (SMU42000003133400001A), retrieved from FRED.