All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Arizona
SMU04000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.10
Year-over-Year Change
25.57%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the fabricated metal product manufacturing industry in Arizona. It provides insights into the state's durable goods manufacturing sector and overall economic 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: Durable Goods: Fabricated Metal Product Manufacturing in Arizona metric tracks the employment levels in this key manufacturing subsector within the state. It is used by economists and policymakers to gauge the health and productivity of Arizona's industrial base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding Arizona's manufacturing competitiveness and the broader economic conditions in the state.
Key Facts
- Arizona is a major hub for durable goods manufacturing.
- Fabricated metal products are a key component of the state's industrial base.
- Employment in this sector can signal broader economic trends in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the fabricated metal product manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and productivity of Arizona's durable goods manufacturing sector, which is a key driver of the state's overall economic activity.
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: Economists and policymakers use this trend to gauge Arizona's manufacturing competitiveness and the broader economic conditions in the state.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is collected through surveys of businesses.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Arizona (SMU04000003133200001A), retrieved from FRED.