All Employees: Durable Goods: Machinery Manufacturing in Connecticut
SMU09000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
-8.97%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Connecticut' metric tracks employment levels in the machinery manufacturing industry within the state of Connecticut. This data provides insight into the health and activity of a key durable goods manufacturing 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
This economic indicator measures the total number of employees working in the machinery manufacturing industry in the state of Connecticut. It is a key barometer of production capacity and economic conditions within this important durable goods manufacturing segment.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance and outlook of Connecticut's manufacturing economy.
Key Facts
- Connecticut is a major hub for durable goods manufacturing.
- Machinery production is a core component of the state's manufacturing industry.
- Employment trends in this sector signal the overall health of Connecticut's economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the machinery manufacturing industry within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and outlook of a key durable goods manufacturing segment in Connecticut, which is crucial for understanding the state's overall economic conditions.
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: Policymakers and analysts use this metric to assess the health and activity of Connecticut's manufacturing economy, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Connecticut (SMU09000003133300001A), retrieved from FRED.