All Employees: Durable Goods: Motor Vehicle Parts Manufacturing in Indiana
This dataset tracks all employees: durable goods: motor vehicle parts manufacturing in indiana over time.
Latest Value
54.20
Year-over-Year Change
-0.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the motor vehicle parts manufacturing industry in Indiana. It provides insights into the health and dynamics of this key manufacturing sector within the state.
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: Motor Vehicle Parts Manufacturing in Indiana series tracks the total number of people employed in the motor vehicle parts manufacturing industry across the state. This data point is a important indicator of economic activity and productivity in a critical component of Indiana's manufacturing base.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and economists to assess the strength of Indiana's manufacturing sector and make informed decisions.
Key Facts
- Indiana is a major hub for automotive parts manufacturing.
- Employment in this sector has shown volatility over the past decade.
- Trends in this data correlate with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the motor vehicle parts manufacturing industry across the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and productivity of a critical manufacturing sector in Indiana, which is an important indicator for policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored to assess the strength of Indiana's manufacturing base and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the regular publication schedule and methodological limitations of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Motor Vehicle Parts Manufacturing in Indiana (SMU18000003133630001A), retrieved from FRED.