All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Alabama
SMU01000003133400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-24.21%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total employment in computer and electronic product manufacturing in the state of Alabama. It provides important insights into the strength and growth of this critical manufacturing sector within the state's 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 All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Alabama metric tracks the total number of individuals employed in this manufacturing industry across the state. It is a key indicator of economic activity and output in this technology-driven sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the health and competitiveness of Alabama's computer and electronics manufacturing industry.
Key Facts
- Alabama's computer and electronics industry employs over 20,000 workers.
- Manufacturing accounts for nearly 20% of Alabama's total economic output.
- Computer and electronic product manufacturing is one of the state's fastest-growing industries.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the computer and electronic product manufacturing industry across the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: It provides key insights into the health and growth of a critical manufacturing sector within Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the competitiveness and growth potential of Alabama's computer and electronics manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Alabama (SMU01000003133400001A), retrieved from FRED.