All Employees: Durable Goods: Machinery Manufacturing in North Carolina
SMU37000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.70
Year-over-Year Change
26.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the durable goods machinery manufacturing industry in North Carolina. It provides insight into the health and output of this key manufacturing sector 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: Machinery Manufacturing in North Carolina series tracks the total number of individuals employed in the machinery manufacturing industry within the broader durable goods sector. This metric offers an important indicator of production capacity, investment, and economic activity in a major component of North Carolina's manufacturing base.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in machinery manufacturing employment are closely monitored by policymakers, analysts, and industry stakeholders to gauge the state's industrial production and economic competitiveness.
Key Facts
- North Carolina is a top U.S. state for machinery manufacturing.
- Machinery production accounts for over 10% of the state's total manufacturing GDP.
- Employment in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the durable goods machinery manufacturing industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Machinery manufacturing is a critical component of North Carolina's industrial base, so trends in employment for this sector provide valuable insight into the state's overall economic health and production capacity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and industry stakeholders closely monitor trends in machinery manufacturing employment to gauge the state's industrial production and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is released with a typical one-month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in North Carolina (SMU37000003133300001A), retrieved from FRED.