All Employees: Durable Goods: Transportation Equipment Manufacturing in North Carolina
SMU37000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
19.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing industry in North Carolina. It is a key indicator of the state's manufacturing activity and economic health.
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: Transportation Equipment Manufacturing in North Carolina metric tracks the employment levels within this important industrial sector. It provides insight into the state's production capacity, labor market, and overall economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess North Carolina's manufacturing competitiveness and economic outlook.
Key Facts
- North Carolina is a major hub for transportation equipment manufacturing.
- This industry employs over 200,000 workers in the state.
- Employment levels fluctuate with production cycles and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transportation equipment manufacturing industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of North Carolina's manufacturing sector, which is a key driver of the state's economy.
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: Policymakers, industry analysts, and investors monitor this trend to assess North Carolina's manufacturing capabilities and economic outlook.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological adjustments of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in North Carolina (SMU37000003133600001A), retrieved from FRED.