All Employees: Durable Goods: Primary Metal Manufacturing in Tennessee
This dataset tracks all employees: durable goods: primary metal manufacturing in tennessee over time.
Latest Value
11.10
Year-over-Year Change
13.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Primary Metal Manufacturing in Tennessee' trend measures employment in the primary metal manufacturing industry within the durable goods sector in the state of Tennessee. This data provides insight into the economic health and labor market conditions of this key manufacturing segment.
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 employment series tracks the number of people working in primary metal manufacturing, which includes facilities that produce iron, steel, aluminum, and other metal products. It is an important indicator of manufacturing activity and industrial production in Tennessee's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in primary metal manufacturing employment are closely watched by policymakers, economists, and industry analysts to assess the state of the broader manufacturing sector.
Key Facts
- Tennessee is a major center for primary metal manufacturing in the U.S.
- This industry accounts for over 15,000 jobs in the state.
- Employment in this sector has fluctuated with changes in global trade and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the primary metal manufacturing industry within the durable goods sector in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health of a key manufacturing segment in Tennessee's economy and is closely watched by policymakers and industry analysts.
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: Trends in primary metal manufacturing employment are used by policymakers, economists, and industry analysts to assess the state of the broader manufacturing sector and industrial production.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Primary Metal Manufacturing in Tennessee (SMU47000003133100001A), retrieved from FRED.