All Employees: Durable Goods: Transportation Equipment Manufacturing in Alabama
SMU01000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.50
Year-over-Year Change
52.59%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in the transportation equipment manufacturing industry in the state of Alabama. It is an important indicator of economic activity and production capacity in a key sector.
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: Durable Goods: Transportation Equipment Manufacturing in Alabama data series tracks the number of people employed in the production of durable transportation equipment, such as cars, trucks, and aerospace products, within the state of Alabama. This metric provides insight into the health and output of a vital manufacturing industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation equipment manufacturing is a critical component of the U.S. industrial base, and this trend is closely monitored by policymakers and analysts to assess regional economic conditions.
Key Facts
- Alabama is a major hub for automotive and aerospace manufacturing.
- Transportation equipment is the largest durable goods manufacturing industry in the state.
- Employment in this sector has fluctuated with changes in consumer demand and production levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the transportation equipment manufacturing industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output of a vital manufacturing sector that is critical to Alabama's economy and the broader U.S. industrial base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess regional economic conditions and the performance of the transportation equipment manufacturing industry.
Q: Are there update delays or limitations?
A: The data is subject to typical government statistical publication lags, but provides a reliable and timely indicator of employment trends in this sector.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Alabama (SMU01000003133600001A), retrieved from FRED.