All Employees: Durable Goods: Machinery Manufacturing in Mississippi
SMU28000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.20
Year-over-Year Change
4.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Mississippi' series tracks employment levels in the machinery manufacturing sector of Mississippi's durable goods industry. This data provides insights into the strength and trends of a key component of the state's manufacturing 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
This series measures the total number of employees working in the machinery manufacturing subsector of Mississippi's durable goods industry. It offers a valuable indicator of activity and labor demand within this important industrial segment of the state's economy.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in machinery manufacturing employment are closely watched by policymakers and economists as a gauge of the health and competitiveness of the state's manufacturing base.
Key Facts
- Mississippi's machinery manufacturing sector accounts for over 15,000 jobs.
- Machinery manufacturing makes up roughly 20% of the state's total durable goods employment.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employees working in the machinery manufacturing subsector of Mississippi's durable goods industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in machinery manufacturing employment provide insights into the strength and competitiveness of a key component of Mississippi's manufacturing economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Machinery manufacturing employment is closely watched by policymakers and economists as an indicator of the health and competitiveness of Mississippi's manufacturing base.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Mississippi (SMU28000003133300001A), retrieved from FRED.