All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Massachusetts
SMU25000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.30
Year-over-Year Change
-9.01%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the fabricated metal product manufacturing industry in Massachusetts. It provides insights into the state's durable goods manufacturing sector and broader economic 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 All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Massachusetts series tracks the employment levels in this important manufacturing subsector. It offers a detailed view of labor market dynamics within the state's durable goods production activities.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the strength of Massachusetts' manufacturing base and inform economic policy decisions.
Key Facts
- Massachusetts is a major hub for fabricated metal product manufacturing.
- This industry accounts for a significant portion of the state's durable goods output.
- Employment trends in this sector offer insights into the broader health of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the fabricated metal product manufacturing industry located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and performance of an important durable goods manufacturing sector within the Massachusetts economy, which is valuable for economists, policymakers, and market analysts.
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: This trend is used by economists and policymakers to assess the health of Massachusetts' manufacturing base and inform economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Massachusetts (SMU25000003133200001A), retrieved from FRED.