All Employees: Durable Goods: Motor Vehicle Manufacturing in Kentucky
This dataset tracks all employees: durable goods: motor vehicle manufacturing in kentucky over time.
Latest Value
24.00
Year-over-Year Change
66.67%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Motor Vehicle Manufacturing in Kentucky' trend tracks employment levels in the motor vehicle manufacturing industry in Kentucky. This metric is closely watched by economists and policymakers as an indicator of economic activity and industrial output.
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 series measures the total number of employees in the motor vehicle manufacturing sector within the state of Kentucky. It provides insight into the health and productivity of a key durable goods industry and its contribution to the overall state economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in motor vehicle manufacturing employment are relevant for understanding industrial production, consumer demand, and policymaking around supporting domestic manufacturing.
Key Facts
- Kentucky's motor vehicle manufacturing sector employs over 100,000 workers.
- This industry accounts for a significant portion of the state's total manufacturing output.
- Employment levels in this sector are closely tied to broader economic conditions and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the motor vehicle manufacturing industry within the state of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and productivity of a key durable goods industry and its contribution to the overall state 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: Trends in motor vehicle manufacturing employment are relevant for understanding industrial production, consumer demand, and policymaking around supporting domestic manufacturing.
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: Motor Vehicle Manufacturing in Kentucky (SMU21000003133610001A), retrieved from FRED.