Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Maryland
SMU24000003100000006 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.30
Year-over-Year Change
-0.82%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing sector for durable goods industries in the state of Maryland. It provides insight into the health and activity of the state's manufacturing economy.
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 number of production or nonsupervisory employees is a key indicator of manufacturing output and labor demand. This data series tracks employment levels in durable goods industries, which include sectors like machinery, electronics, and transportation equipment.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to assess the strength of Maryland's manufacturing sector and the broader state economy.
Key Facts
- Maryland's manufacturing sector accounts for over 5% of the state's GDP.
- Durable goods industries make up nearly 60% of Maryland's manufacturing employment.
- This metric has shown gradual decline over the past decade as manufacturing has shifted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing sector for durable goods industries in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of Maryland's manufacturing economy, which is an important driver of the state's overall economic performance.
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: Economists and policymakers use this trend to assess the strength of Maryland's manufacturing sector and the broader state economy, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: This data is updated monthly by the U.S. Federal Reserve and may have a 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Maryland (SMU24000003100000006), retrieved from FRED.