All Employees: Durable Goods: Transportation Equipment Manufacturing in South Carolina
SMU45000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.30
Year-over-Year Change
65.02%
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 South Carolina. It is an important 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 South Carolina series tracks the total nonfarm employment in this key manufacturing sector. This metric provides insight into the production capacity, output, and employment trends within the transportation equipment industry in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to understand the performance and outlook of South Carolina's manufacturing sector.
Key Facts
- South Carolina is a major hub for the automotive and aerospace industries.
- Transportation equipment manufacturing accounts for over 20% of the state's total manufacturing employment.
- This sector has seen steady job growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transportation equipment manufacturing industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the production capacity, output, and employment trends within a key manufacturing sector in the state, which is important for understanding South Carolina's economic performance.
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 economists analyze this trend to understand the performance and outlook of South Carolina's manufacturing sector, which is critical for informing economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
Related Trends
Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in South Carolina
SCELCEQAPMANNGSP
Average Hourly Earnings of All Employees: Construction in South Carolina
SMU45000002000000003
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in South Carolina
SCFURNMANRGSP
State Tax Collections: T20 Alcoholic Beverages License for South Carolina
QTAXT20QTAXCAT3SCNO
Leading Index for South Carolina
SCSLIND
Average Weekly Earnings of All Employees: Goods Producing in South Carolina
SMU45000000600000011A
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in South Carolina (SMU45000003133600001A), retrieved from FRED.