All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Pennsylvania
SMU42000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.30
Year-over-Year Change
4.09%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade of building material and garden equipment and supplies dealers in Pennsylvania. It provides insight into the health and activity of this important economic 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: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Pennsylvania metric tracks employment levels in this critical industry. It is used by economists, policymakers, and businesses to gauge consumer demand and the overall strength of Pennsylvania's construction and home improvement markets.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers valuable context for understanding Pennsylvania's broader economic conditions and consumer spending patterns.
Key Facts
- Pennsylvania has the 5th largest population in the U.S.
- The retail trade sector accounts for over 1 million jobs in Pennsylvania.
- Building material and garden supply stores represent a critical part of Pennsylvania's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade of building material and garden equipment and supplies dealers in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insight into the health and activity of an important economic sector in Pennsylvania, offering context for understanding consumer demand and the state's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists, policymakers, and businesses to gauge consumer spending patterns and the overall strength of Pennsylvania's construction and home improvement markets.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Pennsylvania (SMU42000004244400001A), retrieved from FRED.