Production or Nonsupervisory Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.20
Year-over-Year Change
-17.33%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the computer and electronic product manufacturing industry in Massachusetts. It provides insights into labor market conditions and economic activity in this key high-tech 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 Production or Nonsupervisory Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts series tracks the employment levels of non-managerial workers in this important manufacturing segment. It is used by economists and policymakers to gauge the health and competitiveness of the state's technology industries.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched as an indicator of broader economic and workforce trends in Massachusetts' innovation-driven economy.
Key Facts
- Massachusetts is a national leader in computer and electronics manufacturing.
- This industry accounts for over 100,000 jobs in the state.
- Employment levels in this sector are a barometer of the state's innovation economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the computer and electronic product manufacturing industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and economic activity in a key high-tech sector, making it a closely watched indicator for Massachusetts' innovation-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to gauge the health and competitiveness of Massachusetts' technology industries, which are crucial to the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts (SMU25000003133400006A), retrieved from FRED.