Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Massachusetts
SMU25000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.20
Year-over-Year Change
-14.71%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the durable goods manufacturing industry in Massachusetts. It provides insights into the state's manufacturing sector and labor market conditions.
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 Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Massachusetts metric tracks the number of workers in non-managerial roles within the state's durable goods manufacturing industry. This data point is used by economists and policymakers to analyze labor market trends and the health of the manufacturing sector.
Methodology
The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric can inform economic policy decisions and provide context for broader manufacturing and employment indicators.
Key Facts
- Massachusetts is a major hub for durable goods manufacturing.
- The durable goods sector accounts for a significant portion of the state's economy.
- Trends in this metric can signal changes in the broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the durable goods manufacturing industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and labor market conditions of Massachusetts' manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic policy decisions and provide context for broader manufacturing and employment indicators in Massachusetts.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Massachusetts (SMU25000003100000006A), retrieved from FRED.