All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Connecticut
This dataset tracks all employees: durable goods: miscellaneous durable goods manufacturing in connecticut over time.
Latest Value
8.90
Year-over-Year Change
-11.88%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the total number of employees in the miscellaneous durable goods manufacturing industry in Connecticut. It provides insight into the strength and resilience of this key manufacturing sector within the state's economy.
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: Miscellaneous Durable Goods Manufacturing in Connecticut data series tracks monthly employment levels in this diverse manufacturing subsector, which includes the production of a wide range of durable consumer and industrial goods. This metric is used by economists and policymakers to assess the health and competitiveness of Connecticut's manufacturing base.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in miscellaneous durable goods manufacturing employment are closely monitored for their implications on Connecticut's economic performance and competitiveness.
Key Facts
- Connecticut is a major hub for diverse durable goods manufacturing.
- Miscellaneous durable goods account for a significant share of the state's manufacturing employment.
- Employment levels in this sector serve as a barometer of Connecticut's industrial competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the miscellaneous durable goods manufacturing industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the strength and resilience of a key manufacturing sector within Connecticut's economy, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in miscellaneous durable goods manufacturing employment are closely watched for their implications on Connecticut's overall economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to economic statistics compiled by government agencies.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Connecticut (SMU09000003133900001A), retrieved from FRED.