All Employees: Durable Goods: Aerospace Product and Parts Manufacturing in Indiana
SMU18000003133640001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-23.61%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the aerospace product and parts manufacturing industry in the state of Indiana. It is an important indicator of the health and activity of this key manufacturing sector in 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: Aerospace Product and Parts Manufacturing in Indiana data series tracks the total number of people employed in this specific manufacturing industry across the state. It provides insights into the scale and trends of this important component of Indiana's manufacturing economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to gauge the performance and outlook of Indiana's aerospace manufacturing sector.
Key Facts
- Indiana is a major hub for aerospace manufacturing in the U.S.
- Aerospace employs over 100,000 workers in Indiana.
- Indiana exports over $12 billion in aerospace products annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the aerospace product and parts manufacturing industry across the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and performance of a critical manufacturing sector in Indiana's 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: Policymakers, economists, and industry analysts closely monitor this metric to gauge the health and outlook of Indiana's aerospace manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Aerospace Product and Parts Manufacturing in Indiana (SMU18000003133640001A), retrieved from FRED.