All Employees: Federal Government: Department of Defense, Including Ship Building in Pennsylvania
SMU42000009091911801A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.20
Year-over-Year Change
-2.63%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the total number of federal government employees in the Department of Defense, including shipbuilding in Pennsylvania. It provides important insights into the size and composition of the public sector 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: Federal Government: Department of Defense, Including Ship Building in Pennsylvania data series tracks the total number of workers employed by the U.S. Department of Defense, specifically including those involved in shipbuilding activities located in Pennsylvania. This metric is a key indicator of government employment and military industrial activity in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to monitor trends in public sector employment and defense industry activity.
Key Facts
- Pennsylvania has a significant shipbuilding industry as part of the Department of Defense.
- This metric excludes contractors and private sector workers in the defense supply chain.
- Government employment data is a key input for macroeconomic analysis and policy decisions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of federal government employees in the Department of Defense, including those involved in shipbuilding activities located in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the public sector workforce, particularly in the defense industry, is an important indicator for policymakers and economists analyzing the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor trends in public sector employment and defense industry activity, which informs decisions on fiscal, military, and economic policy.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and coverage limitations of the underlying government surveys.
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Citation
U.S. Federal Reserve, All Employees: Federal Government: Department of Defense, Including Ship Building in Pennsylvania (SMU42000009091911801A), retrieved from FRED.