Labor Compensation for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States
Millions of Dollars
IPUEN3364L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,680.07
Year-over-Year Change
48.43%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the value of total industrial production for the U.S. manufacturing industry's durable goods sector, specifically in the computer and electronic products industry. It provides important insights into the health and performance of this key economic 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 Millions of Dollars trend represents the total value of shipments, measured in millions of U.S. dollars, for the computer and electronic products industry within the broader U.S. manufacturing sector. This metric is a key indicator of industrial activity and economic output in this vital industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of manufacturing firms.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge the strength of the U.S. economy and inform decisions related to fiscal and monetary policy.
Key Facts
- The computer and electronic products industry accounts for over 10% of total U.S. manufacturing output.
- This sector has seen significant productivity gains in recent decades due to technological advancements.
- Trends in the Millions of Dollars metric can signal shifts in consumer demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of shipments, in millions of U.S. dollars, for the computer and electronic products industry within the broader U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a key U.S. manufacturing industry, which can inform economic analysis and policymaking decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: Trends in the Millions of Dollars metric are closely monitored by economists, policymakers, and market analysts to gauge the strength of the U.S. economy and inform decisions related to fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Millions of Dollars (IPUEN3364L020000000), retrieved from FRED.