All Employees: Durable Goods: Engine, Turbine, and Power Transmission Equipment Manufacturing in Indiana
This dataset tracks all employees: durable goods: engine, turbine, and power transmission equipment manufacturing in indiana over time.
Latest Value
13.00
Year-over-Year Change
2.36%
Date Range
1/1/2002 - 1/1/2024
Summary
This economic trend measures the total number of employees in the engine, turbine, and power transmission equipment manufacturing industry in Indiana. It provides insight into the health and output of this important 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: Engine, Turbine, and Power Transmission Equipment Manufacturing in Indiana metric tracks employment levels in this key component of the state's manufacturing base. It is a valuable indicator of production capacity and labor market conditions in this industrial subsector.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and investors to assess Indiana's economic performance and competitiveness.
Key Facts
- Indiana is a leading producer of engines, turbines, and power transmission equipment.
- This industry employs over 20,000 workers in the state.
- Employment levels have fluctuated with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the engine, turbine, and power transmission equipment manufacturing industry located in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and production capacity of a key component of Indiana's manufacturing base, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this employment trend to assess Indiana's economic performance and competitiveness in this manufacturing subsector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Engine, Turbine, and Power Transmission Equipment Manufacturing in Indiana (SMU18000003133360001A), retrieved from FRED.