All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Connecticut
This dataset tracks all employees: durable goods: fabricated metal product manufacturing in connecticut over time.
Latest Value
26.90
Year-over-Year Change
-7.88%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the fabricated metal product manufacturing industry in Connecticut. It is an important indicator of the state's manufacturing sector and overall economic health.
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 Connecticut data series tracks the total number of workers employed in this key manufacturing industry across the state. It provides insights into production, hiring, and broader economic conditions.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to gauge the strength of Connecticut's manufacturing base and its broader economic performance.
Key Facts
- Connecticut is a major hub for fabricated metal product manufacturing.
- This industry employs over 25,000 workers in the state.
- Manufacturing accounts for nearly 10% of Connecticut's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the fabricated metal product manufacturing industry across the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and performance of Connecticut's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted 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 metric to assess the health of Connecticut's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor revisions to previous months' figures.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Connecticut (SMU09000003133200001A), retrieved from FRED.