All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in North Carolina
SMU37000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.20
Year-over-Year Change
3.26%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the electrical equipment, appliance, and component manufacturing industry in North Carolina. It provides insight into the health and output of this important 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: Electrical Equipment, Appliance, and Component Manufacturing in North Carolina metric measures employment levels in this critical industry, which produces a wide range of products from refrigerators to electric motors. Tracking these employment figures helps economists and policymakers assess industrial activity and economic conditions in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to inform economic and industrial policy decisions at the state and federal level.
Key Facts
- North Carolina is a major hub for electrical equipment and appliance production.
- Employment in this industry has fluctuated with broader economic conditions.
- Tracking these jobs figures helps assess the health of North Carolina's manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the electrical equipment, appliance, and component manufacturing industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides valuable insight into the health and output of an important manufacturing sector in North Carolina, helping to inform economic and industrial policy decisions.
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 employment trend is used by economists and policymakers at the state and federal level to assess industrial activity and economic conditions in North Carolina.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays associated with labor force surveys conducted by the federal government.
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Gross Domestic Product: Manufacturing (31-33) in North Carolina
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Real Median Household Income in North Carolina
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Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in North Carolina
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Accommodation and Food Services Wages and Salaries in North Carolina
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in North Carolina (SMU37000003133500001A), retrieved from FRED.