All Employees: Retail Trade: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Pennsylvania
SMU42000004245900001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
2.75%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment levels in the retail trade sector, specifically focusing on sporting goods, hobby, musical instrument, book, and miscellaneous retailers in Pennsylvania. It provides insight into the strength and resilience of this key consumer-facing industry.
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: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Pennsylvania' metric tracks the number of people employed in these retail subcategories across the state. This data is used by economists and policymakers to assess the health of Pennsylvania's consumer-driven economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by analysts to gauge consumer demand and spending patterns in Pennsylvania.
Key Facts
- Pennsylvania has over 40,000 retail jobs in sporting goods, hobby, music, book, and miscellaneous stores.
- This sector accounts for nearly 10% of the state's total retail trade employment.
- Employment levels in this category have fluctuated due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in sporting goods, hobby, musical instrument, book, and miscellaneous retail stores across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and consumer demand within a key segment of Pennsylvania's retail industry, 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 businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this employment data to assess consumer spending patterns and the overall strength of Pennsylvania's retail sector, which informs economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of this employment data, and the figures may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers in Pennsylvania (SMU42000004245900001), retrieved from FRED.