All Employees: Durable Goods: Primary Metal Manufacturing in Texas
This dataset tracks all employees: durable goods: primary metal manufacturing in texas over time.
Latest Value
21.70
Year-over-Year Change
-2.69%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Primary Metal Manufacturing in Texas' series tracks employment levels in the primary metal manufacturing industry within the durable goods sector of the Texas economy.
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 economic indicator provides insight into the health and output of a key segment of Texas's manufacturing base. It is closely watched by policymakers, economists, and industry analysts to gauge broader trends in the state's industrial production and economic activity.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment metric can signal shifts in Texas's competitive position, market demand, and investment in the primary metals industry.
Key Facts
- Texas is a major producer of primary metals in the U.S.
- Employment in this sector has declined over the past decade.
- The pandemic had a significant impact on primary metal manufacturing jobs in Texas.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of people employed in the primary metal manufacturing industry within the durable goods sector of the Texas economy.
Q: Why is this trend relevant for users or analysts?
A: Changes in primary metal manufacturing employment in Texas provide insight into the health of a key component of the state's industrial base and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor this metric to gauge Texas's competitive position, market demand, and investment in the primary metals industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Primary Metal Manufacturing in Texas (SMU48000003133100001A), retrieved from FRED.