Employment for Manufacturing: Motor Vehicle Electrical and Electronic Equipment (NAICS 33632) in the United States
IPUEN33632W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.30
Year-over-Year Change
8.41%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the U.S. manufacturing sector for motor vehicle electrical and electronic equipment (NAICS 33632). It provides valuable insights into the health and dynamics of this crucial industry.
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 Employment for Manufacturing: Motor Vehicle Electrical and Electronic Equipment (NAICS 33632) in the United States data series tracks the number of people employed in the production of components like electronic control units, sensors, and wiring harnesses for motor vehicles. This metric is widely used by economists and policymakers to monitor the strength of the automotive manufacturing industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of manufacturing establishments.
Historical Context
This employment trend is closely watched by analysts and policymakers to assess the competitiveness and resilience of the U.S. automotive industry.
Key Facts
- The U.S. automotive electrical equipment industry employs over 250,000 workers.
- Employment in this sector has grown by 20% over the past decade.
- The industry produces critical components for both traditional and electric vehicles.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the U.S. manufacturing sector for motor vehicle electrical and electronic equipment, which includes components like electronic control units, sensors, and wiring harnesses.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is closely watched by economists and policymakers as an indicator of the health and competitiveness of the U.S. automotive industry, a crucial manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This employment trend is used by analysts and policymakers to assess the strength and resilience of the U.S. automotive industry, which has important implications for trade, investment, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Employment for Manufacturing: Motor Vehicle Electrical and Electronic Equipment (NAICS 33632) in the United States (IPUEN33632W200000000), retrieved from FRED.