All Employees: Durable Goods: Transportation Equipment Manufacturing in Florida
SMU12000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.80
Year-over-Year Change
62.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing industry in Florida. It is an important indicator of manufacturing activity and labor market conditions in this key industrial 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 All Employees: Durable Goods: Transportation Equipment Manufacturing in Florida data series tracks the total number of people employed in the production of transportation equipment, such as motor vehicles, aircraft, and railroad rolling stock, within the state of Florida. This metric provides insight into the strength and trends of a vital component of the state's manufacturing economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Transportation equipment manufacturing is a major driver of economic growth and plays a crucial role in Florida's industrial landscape.
Key Facts
- Florida is a leading state for transportation equipment manufacturing.
- This industry accounts for a significant portion of the state's total manufacturing employment.
- Trends in transportation equipment manufacturing can signal broader economic conditions in Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the transportation equipment manufacturing industry in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and trends of a vital component of Florida's manufacturing economy, which is a key driver of economic growth and development in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in transportation equipment manufacturing employment are closely monitored by policymakers, economists, and industry analysts to assess the health of Florida's manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Florida (SMU12000003133600001A), retrieved from FRED.