All Employees: Durable Goods: Primary Metal Manufacturing in Alabama
SMU01000003133100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.30
Year-over-Year Change
-0.54%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Primary Metal Manufacturing in Alabama' trend measures employment levels in the primary metal manufacturing industry within the durable goods sector in the state of Alabama. This metric is important for economists and policymakers to gauge the health and competitiveness of Alabama's manufacturing base.
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 economic trend tracks the total number of employees in the primary metal manufacturing industry, which includes facilities that produce iron, steel, aluminum, and other metal products. It provides insight into the strength and productivity of this key industrial sector within Alabama's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in primary metal manufacturing employment are closely watched by economic analysts and policymakers for their implications on industrial output, trade, and regional economic development.
Key Facts
- Alabama is a major hub for primary metal production in the U.S.
- Primary metal manufacturing accounts for over 20,000 jobs in the state.
- Employment in this sector has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the primary metal manufacturing industry within the durable goods sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in primary metal manufacturing employment are important indicators of the health and competitiveness of a state's industrial base, with implications for economic output, trade, and regional development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the strength of Alabama's manufacturing sector and inform decisions related to industrial policy, workforce development, and regional economic strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month delay, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Primary Metal Manufacturing in Alabama (SMU01000003133100001A), retrieved from FRED.