All Employees: Durable Goods: Semiconductor and Other Electronic Component Manufacturing in Texas
This dataset tracks all employees: durable goods: semiconductor and other electronic component manufacturing in texas over time.
Latest Value
50.30
Year-over-Year Change
15.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the semiconductor and other electronic component manufacturing industry in Texas. It provides insight into the health and labor dynamics of this critical high-tech 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: Semiconductor and Other Electronic Component Manufacturing in Texas series tracks the total employment levels in this specific manufacturing industry within the state of Texas. This data point is used by economists and policymakers to monitor the strength of the technology and electronics manufacturing economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader technology and electronics manufacturing landscape in Texas and its contribution to the state's economy.
Key Facts
- Texas is a major hub for semiconductor and electronics manufacturing.
- This industry employs over 100,000 workers in the state.
- Employment in this sector has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the semiconductor and other electronic component manufacturing industry located within the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and dynamics of a critical high-tech manufacturing sector that is vital to Texas' 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 economists use this employment data to monitor the strength of the technology and electronics manufacturing industry in Texas and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Semiconductor and Other Electronic Component Manufacturing in Texas (SMU48000003133440001A), retrieved from FRED.