All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Oregon
SMU41000003133450001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-11.54%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the durable goods manufacturing industry, specifically for navigational, measuring, electromedical, and control instruments manufacturing in Oregon. It provides insights into the state's production capacity and labor market conditions in this specialized 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: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Oregon trend tracks the employment levels in this high-tech manufacturing industry within the state. It is an important indicator of economic activity, productivity, and labor market dynamics in this specialized segment of Oregon's economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Oregon's manufacturing sector.
Key Facts
- Oregon's navigational, measuring, electromedical, and control instruments manufacturing employs over 20,000 workers.
- This industry accounts for approximately 10% of the state's total durable goods manufacturing employment.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the durable goods manufacturing industry, specifically for navigational, measuring, electromedical, and control instruments manufacturing in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the production capacity and labor market conditions of a specialized, high-tech manufacturing sector within Oregon's economy, which is closely monitored by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Oregon's manufacturing sector, which is important for economic development and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing in Oregon (SMU41000003133450001A), retrieved from FRED.