All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Massachusetts
SMU25000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
-28.72%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the electrical equipment, appliance, and component manufacturing industry in Massachusetts. It provides insights into the health and performance of a key manufacturing sector in the state.
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: Electrical Equipment, Appliance, and Component Manufacturing in Massachusetts series tracks the number of individuals employed in this specific manufacturing subsector within the state. It is an important indicator of economic activity and production capacity in a critical industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely followed by economists, policymakers, and industry analysts to assess the strength of Massachusetts' manufacturing base and identify economic trends.
Key Facts
- Massachusetts is a hub for electrical equipment and appliance manufacturing.
- This industry 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 individuals employed in the electrical equipment, appliance, and component manufacturing industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of a key manufacturing sector in Massachusetts, which is important for understanding the state's economic conditions and competitiveness.
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 widely followed by economists, policymakers, and industry analysts to assess the strength of Massachusetts' manufacturing base and identify economic trends that may inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be occasional delays in reporting or revisions to prior periods.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Massachusetts (SMU25000003133500001A), retrieved from FRED.