All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts
SMU25000003133450001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.80
Year-over-Year Change
0.81%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the navigational, measuring, electromedical, and control instruments manufacturing industry in Massachusetts. It provides insights into the health and labor dynamics of this key high-tech manufacturing sector.
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: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts metric tracks employment levels in this specialized manufacturing segment. It is used by economists and policymakers to monitor the strength of a critical industry in the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend serves as an important indicator for the broader manufacturing and technology sectors in Massachusetts.
Key Facts
- Massachusetts is a leading hub for the navigational, measuring, and control instruments industry.
- This sector employs over 25,000 workers in the state.
- Employment levels have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the navigational, measuring, electromedical, and control instruments manufacturing industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insights into the strength and labor dynamics of a key high-tech manufacturing sector in the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend serves as an important indicator for the broader manufacturing and technology sectors in Massachusetts, which are critical to the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Massachusetts (SMU25000003133450001A), retrieved from FRED.