All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Alabama
SMU01000003133400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.40
Year-over-Year Change
2.78%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the computer and electronic product manufacturing industry within the broader manufacturing sector in Alabama. It provides insights into the strength and resilience of this key industry within the state'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
The All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Alabama data series tracks the monthly employment levels in this specific manufacturing subsector. It is a valuable indicator of production capacity, workforce dynamics, and economic activity in this technology-driven industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the health and competitiveness of Alabama's manufacturing capabilities.
Key Facts
- Alabama's computer and electronic product manufacturing accounts for over 20% of the state's total manufacturing employment.
- This industry has seen steady growth over the past decade, outpacing overall manufacturing job gains in the state.
- The sector's productivity and innovation are crucial to Alabama's economic diversification and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees working in the computer and electronic product manufacturing industry within Alabama's broader manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength and performance of a key high-tech manufacturing industry in Alabama, which is crucial for assessing the state's economic competitiveness and diversification.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to evaluate Alabama's manufacturing capabilities, particularly in the technology-driven computer and electronics sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, providing timely insights into employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Alabama (SMU01000003133400001), retrieved from FRED.