All Employees: Retail Trade: Grocery and Convenience Retailers in Pennsylvania
SMU42000004244510001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.07
Year-over-Year Change
-0.98%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the retail trade sector, specifically focused on grocery and convenience stores in Pennsylvania. It provides valuable insights into the labor market and consumer spending patterns 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: Grocery and Convenience Retailers in Pennsylvania metric tracks the employment levels in this critical segment of the retail industry. It is an important indicator of economic activity, consumer confidence, and the health of the local labor market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and establishments.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the broader economic conditions and consumer behavior in Pennsylvania.
Key Facts
- Pennsylvania is the 5th largest state by population in the U.S.
- Grocery and convenience stores account for over 300,000 jobs in Pennsylvania.
- Retail trade is a major component of the state's economy, representing 6% of total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade sector, specifically in grocery and convenience stores located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of the retail industry and consumer spending patterns in Pennsylvania, which are important indicators of the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the broader economic conditions and consumer behavior in Pennsylvania, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a slight delay in the release of the most recent information.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Grocery and Convenience Retailers in Pennsylvania (SMU42000004244510001SA), retrieved from FRED.