All Employees: Durable Goods: Motor Vehicle Parts Manufacturing in Mississippi
SMU28000003133630001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
31.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the motor vehicle parts manufacturing industry in Mississippi. It provides insight into the strength and dynamics of this important manufacturing sector within 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: Motor Vehicle Parts Manufacturing in Mississippi series measures the total employment in this key industry across the state. It is a valuable indicator of economic activity and production capacity in the automotive and transportation equipment supply chain.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, industry analysts, and investors to gauge the health of Mississippi's manufacturing base and its competitiveness in the motor vehicle parts market.
Key Facts
- Mississippi is a major hub for automotive manufacturing and parts production.
- The motor vehicle parts industry is a significant employer in the state.
- Employment in this sector can fluctuate with changes in consumer demand and production schedules.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of employees in the motor vehicle parts manufacturing industry located in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and dynamics of a key manufacturing sector in Mississippi, which is important for understanding the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this metric to gauge the health of Mississippi's manufacturing base and its competitiveness in the motor vehicle parts market.
Q: Are there update delays or limitations?
A: The data is subject to typical release schedules and potential revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Motor Vehicle Parts Manufacturing in Mississippi (SMU28000003133630001A), retrieved from FRED.