All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Missouri
SMU29000003133500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
5.36%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks employment levels in the electrical equipment, appliance, and component manufacturing industry in Missouri. It provides insights into the state's durable goods 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: Electrical Equipment, Appliance, and Component Manufacturing in Missouri series measures the total number of employees in this specific manufacturing subsector within the state. It is a key indicator of industrial activity and economic health.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and industry analysts to evaluate trends in Missouri's manufacturing output and competitiveness.
Key Facts
- Missouri is a leading state for electrical equipment manufacturing.
- This industry accounts for over 20,000 jobs in the state.
- Employment levels fluctuate with demand for consumer and industrial electronics.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in the electrical equipment, appliance, and component manufacturing industry within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and competitiveness of Missouri's durable goods manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to evaluate trends in Missouri's manufacturing output and competitiveness, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Missouri (SMU29000003133500001A), retrieved from FRED.