All Employees: Durable Goods: Transportation Equipment Manufacturing in Mississippi
SMU28000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.80
Year-over-Year Change
13.93%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing industry in Mississippi. It is a key indicator of economic activity and labor market conditions in this important manufacturing 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: Transportation Equipment Manufacturing in Mississippi data series tracks the total number of workers employed in the production of durable transportation goods, such as automobiles, aircraft, and rail equipment, within the state of Mississippi. This metric is widely used by economists and policymakers to assess the health and competitiveness of Mississippi's manufacturing base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in transportation equipment manufacturing employment are closely monitored by government agencies, industry groups, and financial analysts to gauge the broader economic conditions and policy impacts in this vital sector.
Key Facts
- Transportation equipment manufacturing accounts for over 10% of Mississippi's total manufacturing employment.
- Employment in this sector has grown by 20% in Mississippi over the past decade.
- The state is home to major assembly plants for automobiles, trucks, and aerospace components.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees working in the transportation equipment manufacturing industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation equipment manufacturing employment are closely watched as an indicator of economic activity and competitiveness in this important manufacturing sector.
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: Government agencies, industry groups, and financial analysts use this metric to gauge broader economic conditions and policy impacts in the transportation equipment manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Mississippi (SMU28000003133600001A), retrieved from FRED.