All Employees: Real Estate in Pennsylvania
SMU42000005553100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.80
Year-over-Year Change
24.16%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Real Estate in Pennsylvania' trend measures the number of real estate workers employed in the state of Pennsylvania. This data provides insights into the health and activity of the Pennsylvania real estate 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
This series tracks the total number of people employed in real estate-related occupations within the state of Pennsylvania. It is an important indicator of economic conditions and labor market trends in the Pennsylvania real estate sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, real estate analysts, and economic researchers to assess the strength of the Pennsylvania housing and commercial real estate markets.
Key Facts
- Pennsylvania real estate employs over 200,000 workers.
- Real estate is a major driver of the Pennsylvania economy.
- Employment in this sector has grown steadily since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in real estate-related occupations within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the health and activity of the Pennsylvania real estate industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, real estate analysts, and economic researchers closely monitor this trend to assess the strength of the Pennsylvania housing and commercial real estate markets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Real Estate in Pennsylvania (SMU42000005553100001A), retrieved from FRED.