Monthly, Not Seasonally Adjusted
SMU55000004245210001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
0.63%
Date Range
1/1/1990 - 12/1/2017
Summary
This U.S. economic trend measures monthly total private employment for the Pittsburgh, PA metropolitan area on a not seasonally adjusted basis. It is a key indicator of regional labor market conditions and economic activity.
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 total private employment series tracks the number of workers employed by private sector businesses in the Pittsburgh metropolitan statistical area. This metric provides insight into the overall strength and resilience of the regional economy.
Methodology
The data is collected through surveys of private employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the economic health of the Pittsburgh metro area.
Key Facts
- Pittsburgh metro area has a population of over 2.3 million.
- Private sector is the largest employer in the region.
- Employment data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector jobs in the Pittsburgh, PA metropolitan area on a monthly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and direction of the regional economy, which is crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the overall health of the Pittsburgh metropolitan labor market and inform decisions on economic development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU55000004245210001), retrieved from FRED.