All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Mississippi
SMU28000003133200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
-4.21%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the fabricated metal product manufacturing industry in Mississippi. It is an important indicator of the health and productivity of the state's manufacturing 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: Fabricated Metal Product Manufacturing in Mississippi data series tracks the total number of people employed in the fabricated metal product manufacturing industry within the state of Mississippi. This metric provides insight into the strength and growth of a key manufacturing segment in the state's economy.
Methodology
The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the performance and competitiveness of Mississippi's manufacturing industry.
Key Facts
- Fabricated metal product manufacturing is a key industry in Mississippi, accounting for over 25,000 jobs.
- Employment in this sector has grown by 8% in the past 5 years.
- The industry contributes over $2 billion annually to Mississippi's gross state product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the fabricated metal product manufacturing industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the strength and competitiveness of a critical manufacturing segment in Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and growth of Mississippi's manufacturing industry, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Fabricated Metal Product Manufacturing in Mississippi (SMU28000003133200001A), retrieved from FRED.