All Employees: Manufacturing: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts
SMU25000003133450001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.70
Year-over-Year Change
-0.40%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of manufacturing employees in the navigational, measuring, electromedical, and control instruments sector in Massachusetts. It provides insights into the health and composition of the state's durable goods manufacturing industry.
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: Manufacturing: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts' series tracks employment levels in this specialized manufacturing subsector. This data is used by economists and policymakers to analyze trends in the state's high-tech manufacturing capabilities and workforce.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the competitive position of Massachusetts' advanced manufacturing industry and informing economic development policies.
Key Facts
- Massachusetts is a hub for high-tech manufacturing.
- The navigational instruments sector is a key part of the state's durable goods industry.
- Employment in this sector has fluctuated with economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the navigational, measuring, electromedical, and control instruments manufacturing subsector within Massachusetts' durable goods manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and competitiveness of a specialized, high-tech segment of Massachusetts' manufacturing economy, which is important for economic development and policy analysis.
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 used by economists and policymakers to monitor the strength of Massachusetts' advanced manufacturing industry and inform policies aimed at supporting the state's high-tech economic capabilities.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts (SMU25000003133450001), retrieved from FRED.