All Employees: Durable Goods: Motor Vehicle Manufacturing in Ohio
SMU39000003133610001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.30
Year-over-Year Change
4.10%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Motor Vehicle Manufacturing in Ohio' series tracks the number of workers employed in the motor vehicle manufacturing industry in Ohio. This metric is an important indicator of economic activity and industrial production in 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
This series represents the total number of employees, both production and non-production workers, engaged in the manufacturing of durable motor vehicles within the state of Ohio. It is a key statistic used by economists and policymakers to gauge the health and trends of Ohio's automotive manufacturing sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in motor vehicle manufacturing employment are closely watched as they reflect broader industrial production and consumer demand patterns.
Key Facts
- Ohio is a major center of U.S. automotive manufacturing.
- Motor vehicle production is a key driver of the state's economy.
- Employment in this sector has fluctuated with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in the motor vehicle manufacturing industry within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Motor vehicle production is a critical component of Ohio's industrial base, so this metric provides insight into the health and trends of a key sector 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 and analysts monitor this series to assess the strength of Ohio's manufacturing base and guide decisions around economic development, workforce training, and industrial policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Motor Vehicle Manufacturing in Ohio (SMU39000003133610001A), retrieved from FRED.