All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Ohio
SMU39000003132700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.80
Year-over-Year Change
1.57%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the nonmetallic mineral product manufacturing industry in Ohio. It provides insights into the state's durable goods manufacturing sector, which is a key component of the broader industrial economy.
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: Nonmetallic Mineral Product Manufacturing in Ohio trend tracks the number of people employed in this specific manufacturing subsector within the state. It offers timely data on production capacity, labor demand, and economic conditions relevant to policymakers and businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to assess the health of Ohio's manufacturing industry and its contribution to the state's overall economic performance.
Key Facts
- Ohio is a major hub for nonmetallic mineral product manufacturing.
- This industry includes the production of glass, cement, and other construction materials.
- Employment in this sector has fluctuated with changes in housing and infrastructure investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the nonmetallic mineral product manufacturing industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of Ohio's durable goods manufacturing sector, which is a key component of the state's industrial 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 trend is widely used by policymakers, economists, and businesses to assess the state of Ohio's manufacturing industry and its contribution to the overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Labor Statistics, with potential delays in availability.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Nonmetallic Mineral Product Manufacturing in Ohio (SMU39000003132700001A), retrieved from FRED.