All Employees: Non-Durable Goods: Chemical Manufacturing in Indiana
SMU18000003232500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
33.09%
Date Range
1/1/2002 - 1/1/2024
Summary
This economic trend measures the total number of employees in the chemical manufacturing industry in the state of Indiana. It provides valuable insights into the production capacity and labor force within this key industrial 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: Non-Durable Goods: Chemical Manufacturing in Indiana series tracks the monthly employment levels in Indiana's chemical manufacturing industry. This data point is closely monitored by economists and policymakers to gauge the health and output of this vital component of the state's industrial base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend can signal shifts in consumer demand, production levels, and economic conditions that are relevant for businesses, investors, and government decision-makers.
Key Facts
- Indiana is a major center for chemical production in the U.S.
- Chemical manufacturing accounts for over 20,000 jobs in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the chemical manufacturing industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Changes in chemical manufacturing employment in Indiana provide insights into the production capacity, labor market, and economic conditions of this important industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this employment trend to assess the health of Indiana's manufacturing base and guide decisions on economic development, workforce training, and industrial policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Chemical Manufacturing in Indiana (SMU18000003232500001A), retrieved from FRED.