All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Alabama
SMU01000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.20
Year-over-Year Change
8.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the fabricated metal product manufacturing industry in Alabama. It provides insight into the state's durable goods manufacturing sector and broader economic conditions.
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: Fabricated Metal Product Manufacturing in Alabama series tracks the employment levels in this key manufacturing industry within the state. This data is used by economists and policymakers to analyze the health of Alabama's industrial base and make informed decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in fabricated metal product manufacturing employment are closely watched as an indicator of Alabama's manufacturing competitiveness and business investment.
Key Facts
- Alabama is a major hub for fabricated metal product manufacturing.
- This industry accounts for over 25,000 jobs in the state.
- Employment levels reflect capital investment and production volumes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the fabricated metal product manufacturing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and competitiveness of Alabama's durable goods manufacturing sector, which is a key driver of the state's economy.
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: Trends in fabricated metal product manufacturing employment are closely watched by policymakers and economists as an indicator of Alabama's manufacturing competitiveness and business investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Alabama (SMU01000003133200001A), retrieved from FRED.