All Employees: Manufacturing: Durable Goods: Aerospace Product and Parts Manufacturing in Alabama
SMU01000003133640001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.85
Year-over-Year Change
-0.03%
Date Range
1/1/2002 - 7/1/2025
Summary
This economic trend tracks total employment in the aerospace product and parts manufacturing industry in Alabama. It is a key indicator of the state's manufacturing and aerospace sector 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 All Employees: Manufacturing: Durable Goods: Aerospace Product and Parts Manufacturing in Alabama series measures the total number of employees in this specific manufacturing industry in the state. It is used to analyze trends in the aerospace and aviation manufacturing segment of Alabama's economy.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and industry analysts to gauge the health and competitiveness of Alabama's aerospace manufacturing capabilities.
Key Facts
- Alabama is a major hub for aerospace and aviation manufacturing.
- The aerospace industry accounts for over 50,000 jobs in the state.
- Aerospace product and parts manufacturing is a high-skill, high-wage sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the aerospace product and parts manufacturing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator of activity and competitiveness in Alabama's important aerospace manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the health and outlook of Alabama's aerospace manufacturing capabilities.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Aerospace Product and Parts Manufacturing in Alabama (SMU01000003133640001SA), retrieved from FRED.