All Employees: Social Assistance: Child Day Care Services in Pennsylvania
SMU42000006562440001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.50
Year-over-Year Change
23.17%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the child day care services industry in Pennsylvania. It provides insights into the state's social assistance and childcare workforce.
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: Social Assistance: Child Day Care Services in Pennsylvania series tracks the total number of employees, both part-time and full-time, engaged in providing day care services for children in the state. This metric serves as an important indicator of activity and labor demand within Pennsylvania's childcare sector.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in child day care employment are closely monitored by policymakers, labor analysts, and industry stakeholders to assess the state of Pennsylvania's social services and early childhood education infrastructure.
Key Facts
- Pennsylvania has over 5,000 child day care employees.
- Employment in this sector has grown by 10% over the past 5 years.
- Childcare is a key component of the state's social assistance programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees, both full-time and part-time, engaged in providing child day care services in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Trends in child day care employment are important indicators of activity and labor demand within Pennsylvania's social assistance and early childhood education infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, labor analysts, and industry stakeholders closely monitor this trend to assess the state of Pennsylvania's childcare sector and social services programs.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, All Employees: Social Assistance: Child Day Care Services in Pennsylvania (SMU42000006562440001A), retrieved from FRED.