All Employees: Durable Goods: Machinery Manufacturing in Alabama
SMU01000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Alabama' series tracks employment levels in the machinery manufacturing industry within the durable goods sector of Alabama's economy.
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 indicator provides insight into the health and output of Alabama's machinery manufacturing industry, a key component of the state's durable goods production and overall economic activity.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in machinery manufacturing employment are closely watched by policymakers and analysts to assess the state's industrial base and competitiveness.
Key Facts
- Alabama is a major center for machinery manufacturing in the Southeast U.S.
- Machinery production accounts for over 10% of Alabama's total manufacturing jobs.
- Employment in this sector has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of people employed in the machinery manufacturing industry within Alabama's durable goods sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in machinery manufacturing provides insight into the strength of Alabama's industrial base and overall economic conditions.
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 use this data to assess the competitiveness and growth potential of Alabama's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Alabama (SMU01000003133300001A), retrieved from FRED.