All Employees: Durable Goods: Aerospace Product and Parts Manufacturing in Arizona
SMU04000003133640001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.10
Year-over-Year Change
23.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the aerospace product and parts manufacturing industry in Arizona. It provides insight into the state's durable goods manufacturing sector and its importance to the local 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: Aerospace Product and Parts Manufacturing in Arizona metric tracks the employment levels in this key manufacturing industry. This data helps analysts and policymakers understand the health and competitiveness of Arizona's aerospace manufacturing capabilities.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding Arizona's industrial base and the state's role in the national aerospace supply chain.
Key Facts
- Arizona is a major hub for aerospace manufacturing.
- The industry employs over 50,000 workers in the state.
- Aerospace is a key driver of Arizona's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the aerospace product and parts manufacturing industry located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and competitiveness of Arizona's aerospace manufacturing sector, which is a crucial component of the state's industrial base and economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and industry analysts to assess the strength of Arizona's manufacturing capabilities and its role in the national aerospace supply chain.
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: Aerospace Product and Parts Manufacturing in Arizona (SMU04000003133640001A), retrieved from FRED.