All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Wisconsin
SMU55000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
1.77%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the electrical equipment, appliance, and component manufacturing industry in Wisconsin. It provides insight into the health and activity of this important manufacturing sector within the state.
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: Electrical Equipment, Appliance, and Component Manufacturing in Wisconsin indicator measures the total number of people employed in this industry in the state. It is used by economists and policymakers to monitor workforce trends and production capacity in this key manufacturing segment.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric offers insight into the economic conditions and competitiveness of Wisconsin's electrical equipment manufacturing industry.
Key Facts
- Wisconsin is a top state for electrical equipment manufacturing.
- This industry accounts for over 20,000 jobs in the state.
- Employment levels can signal shifts in production and investment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in the electrical equipment, appliance, and component manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of an important manufacturing sector within Wisconsin, which can inform economic forecasting and policymaking decisions.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor workforce trends and production capacity in Wisconsin's electrical equipment manufacturing industry, which can inform decisions around economic development, trade, and industrial policy.
Q: Are there update delays or limitations?
A: There may be a short lag in data availability, as the information is collected through surveys of establishments.
Related Trends
Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Wisconsin
WIELCEQAPMANQGSP
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Wisconsin
WIPLASRUBMANRGSP
Health Care and Social Assistance Earnings in Wisconsin
WIEHEA
Estimate of Median Household Income for Wisconsin
MHIWI55000A052NCEN
State Government Tax Collections, Corporations in General Licenses in Wisconsin
WICORPLICTAX
State Government Tax Collections, Total Taxes in Wisconsin
WITOTLTAX
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Wisconsin (SMU55000003133500001A), retrieved from FRED.