All Employees: Manufacturing: Durable Goods in Ohio
SMU39000003100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
450.70
Year-over-Year Change
1.46%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Manufacturing: Durable Goods in Ohio' trend measures the total number of employees in the durable goods manufacturing sector across the state of Ohio. This data point is a key indicator of economic activity and industrial production in the region.
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 tracks the number of individuals employed in durable goods manufacturing facilities located within the state of Ohio. Durable goods include products designed to last over an extended period, such as automobiles, appliances, and machinery. The trend is used by economists and policymakers to gauge the health and competitiveness of Ohio's industrial base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable goods manufacturing employment are closely watched as a signal of the broader economic climate and the strength of the manufacturing sector.
Key Facts
- Ohio is a major hub for durable goods manufacturing in the U.S.
- Durable goods production accounts for over 15% of Ohio's GDP.
- Manufacturing employment has fluctuated significantly during economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the durable goods manufacturing sector across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Trends in durable goods manufacturing employment are closely watched as a signal of the broader economic climate and the strength of the manufacturing sector in Ohio.
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 and policymakers use this trend to gauge the health and competitiveness of Ohio's industrial base, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most current conditions in the manufacturing sector.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods in Ohio (SMU39000003100000001A), retrieved from FRED.