All Employees: Durable Goods: Motor Vehicle Body and Trailer Manufacturing in Indiana
SMU18000003133620001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.50
Year-over-Year Change
37.63%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures employment in the motor vehicle body and trailer manufacturing industry in Indiana. It is an important indicator of economic activity and manufacturing strength in the state.
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: Motor Vehicle Body and Trailer Manufacturing in Indiana metric tracks the number of people employed in this specific manufacturing sector within the state. It provides insights into production, supply chains, and workforce dynamics in a key component of Indiana's manufacturing economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is utilized by economists, policymakers, and industry analysts to assess the health and competitiveness of Indiana's automotive manufacturing sector.
Key Facts
- Indiana is a major automotive manufacturing hub.
- This sector employs over 20,000 workers in the state.
- Employment levels reflect demand for motor vehicles and trailers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the motor vehicle body and trailer manufacturing industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of a key manufacturing sector in Indiana's economy, which is critical for understanding economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is utilized by economists, policymakers, and industry analysts to assess the strength and competitiveness of Indiana's automotive manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Motor Vehicle Body and Trailer Manufacturing in Indiana (SMU18000003133620001A), retrieved from FRED.