Employment for Manufacturing: Ship and Boat Building (NAICS 33661) in the United States
IPUEN33661W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.09
Year-over-Year Change
16.74%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the ship and boat building industry, a key component of the U.S. manufacturing sector. Understanding employment patterns in this industry provides insights into the overall health of the manufacturing economy.
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: Ship and Boat Building (NAICS 33661) in the United States series tracks the number of workers employed in the ship and boat building manufacturing subsector. This metric is used by economists and policymakers to gauge the strength and competitiveness of U.S. shipbuilding and marine manufacturing.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for assessing the state of the manufacturing industry and informing economic and trade policies.
Key Facts
- U.S. ship and boat building employment peaked at over 280,000 in 2001.
- Employment in this industry declined sharply during the Great Recession, falling to around 160,000 jobs.
- The shipbuilding industry is concentrated on the U.S. Gulf and West Coasts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the ship and boat building manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall health and competitiveness of the U.S. manufacturing sector, particularly the shipbuilding and marine industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to assess the state of the manufacturing industry and inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Employment for Manufacturing: Ship and Boat Building (NAICS 33661) in the United States (IPUEN33661W010000000), retrieved from FRED.