All Employees: Durable Goods: Machinery Manufacturing in Ohio
SMU39000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.10
Year-over-Year Change
3.77%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Ohio' series tracks employment levels in the machinery manufacturing industry within the state of Ohio. This metric is a key indicator of economic activity and productivity in the state's 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
This data series measures the total number of employees working in the durable goods manufacturing of machinery within Ohio. It provides insight into the strength and trends of the state's industrial production and can inform economic policy decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by economists, policymakers, and market analysts to gauge the health of Ohio's manufacturing economy.
Key Facts
- Ohio is a major center of machinery manufacturing in the U.S.
- Machinery manufacturing provides over 100,000 jobs in Ohio.
- This sector was impacted by the 2008-2009 recession but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in the durable goods manufacturing of machinery within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and trends of Ohio's industrial production and manufacturing economy, which is crucial for economic policymaking and market analysis.
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 metric is closely watched by economists and policymakers to gauge the health of Ohio's manufacturing sector and inform economic policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with typical lags of one to two months.
Related Trends
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Average Weekly Earnings of Production Employees: Financial Activities in Ohio
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Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Ohio
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All Employees: Financial Activities: Depository Credit Intermediation Including Monetary Authorities - Central Bank in Ohio
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Ohio (SMU39000003133300001A), retrieved from FRED.