All Employees: Durable Goods: Motor Vehicle Manufacturing in Texas
This dataset tracks all employees: durable goods: motor vehicle manufacturing in texas over time.
Latest Value
16.20
Year-over-Year Change
42.11%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Motor Vehicle Manufacturing in Texas' series tracks the total number of employees in the motor vehicle manufacturing industry in Texas. This metric is a key indicator of economic activity and production capacity in the state's automotive 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
This series represents the total number of employees across all establishments primarily engaged in the manufacturing of motor vehicles and motor vehicle parts and accessories within the state of Texas. It is a valuable data point for analyzing trends in the state's durable goods manufacturing industry and broader economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, industry analysts, and investors to gauge the health and trajectory of Texas' motor vehicle manufacturing sector.
Key Facts
- Texas is a major hub for motor vehicle production in the U.S.
- Employment in this sector has fluctuated with economic conditions.
- The data is released monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of employees in the motor vehicle manufacturing industry across establishments located in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the performance and outlook of a key durable goods manufacturing sector in the 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, economists, and industry analysts closely monitor this series to assess the health and trajectory of Texas' motor vehicle manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into employment trends in this sector.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Motor Vehicle Manufacturing in Texas (SMU48000003133610001A), retrieved from FRED.