All Employees: Durable Goods: Transportation Equipment Manufacturing in Connecticut
SMU09000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.60
Year-over-Year Change
13.33%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing industry in Connecticut. It is an important indicator of economic activity and labor market conditions in this key 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
The All Employees: Durable Goods: Transportation Equipment Manufacturing in Connecticut data series tracks the total number of workers employed in the production of transportation equipment, such as motor vehicles, aircraft, and related parts, within the state of Connecticut. This metric provides insight into the health and competitiveness of a crucial component of the state's manufacturing base.
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 trend to assess the performance and outlook of Connecticut's transportation manufacturing industry and its broader economic implications.
Key Facts
- Connecticut is a major hub for transportation equipment manufacturing.
- This industry accounts for a significant portion of the state's total manufacturing employment.
- Trends in transportation equipment manufacturing can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transportation equipment manufacturing industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of a crucial component of Connecticut's manufacturing base, which has important implications for the state's overall economic performance.
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 trend to assess the performance and outlook of Connecticut's transportation manufacturing industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Connecticut (SMU09000003133600001A), retrieved from FRED.