All Employees: Durable Goods: Ship and Boat Building in Louisiana
SMU22000003133660001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-54.13%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the ship and boat building industry in Louisiana. It is an important indicator of manufacturing activity and economic conditions 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: Ship and Boat Building in Louisiana series tracks the number of people employed in the ship and boat building sector within the broader durable goods manufacturing industry in the state of Louisiana. This metric provides insight into the strength and growth of this key manufacturing segment.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development organizations to assess the health of Louisiana's maritime manufacturing sector.
Key Facts
- Louisiana is a major center for shipbuilding and maritime manufacturing.
- The ship and boat building industry employs over 15,000 workers 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 number of people employed in the ship and boat building industry within the durable goods manufacturing sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of Louisiana's important maritime manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry groups, and economic development organizations closely monitor this trend to assess the health and competitiveness of Louisiana's ship and boat building sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Ship and Boat Building in Louisiana (SMU22000003133660001A), retrieved from FRED.