All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.20
Year-over-Year Change
-17.77%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the computer and electronic product manufacturing industry in Massachusetts. It provides insight into the health and performance of this key technology sector within the state's 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 All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts series tracks the total number of people employed in this manufacturing subsector across the state. It is an important indicator of economic activity and industrial output in a major high-tech hub.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of Massachusetts' technology manufacturing base.
Key Facts
- Massachusetts is a leading state for computer and electronic product manufacturing.
- This industry accounts for over 100,000 jobs in the state.
- Employment levels in this sector have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the computer and electronic product manufacturing industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insight into the health and performance of a key high-tech manufacturing sector in Massachusetts, which is an important economic hub.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of Massachusetts' technology manufacturing base and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts (SMU25000003133400001A), retrieved from FRED.