All Employees: Durable Goods: Machinery Manufacturing in Indiana
SMU18000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.10
Year-over-Year Change
9.20%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Indiana' series tracks employment in the machinery manufacturing industry, a key component of Indiana's durable goods sector. This metric provides insight into the state's industrial economic health and production capacity.
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 workers employed in the machinery manufacturing subsector within Indiana's durable goods industries. It offers a granular view of labor trends in this important manufacturing segment, which produces a wide range of industrial equipment and machinery.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this series to assess the strength of Indiana's manufacturing base and the broader Midwestern industrial economy.
Key Facts
- Indiana is a top U.S. producer of industrial machinery.
- Machinery manufacturing accounts for over 10% of the state's total employment.
- This sector was impacted by pandemic-related supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employees in the machinery manufacturing industry within Indiana's durable goods sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in this key manufacturing segment provides insight into the health and production capacity of Indiana's industrial economy.
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: Analysts and policymakers monitor this series to assess the strength of Indiana's manufacturing base and the broader Midwestern industrial economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights on employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Indiana (SMU18000003133300001A), retrieved from FRED.