All Employees: Manufacturing: Non-Durable Goods in Pennsylvania
SMU42000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231.80
Year-over-Year Change
5.08%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of non-durable goods manufacturing employees in Pennsylvania. It is a key indicator of the state's manufacturing sector performance and economic health.
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: Non-Durable Goods in Pennsylvania series measures the number of workers employed in the non-durable goods manufacturing industry across the state. This data provides insights into the production capacity, output, and labor market dynamics of Pennsylvania's manufacturing base.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Pennsylvania's manufacturing industry and its contribution to the state's overall economic activity.
Key Facts
- Pennsylvania is a major manufacturing hub in the United States.
- Non-durable goods production accounts for a significant portion of the state's manufacturing output.
- Trends in non-durable goods employment can signal changes in consumer demand and industrial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the non-durable goods manufacturing industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The non-durable goods manufacturing employment trend provides insights into the performance and health 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 a monthly survey of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of Pennsylvania's manufacturing industry and its contribution to the state's overall economic activity, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Non-Durable Goods in Pennsylvania (SMU42000003200000001A), retrieved from FRED.