All Employees: Manufacturing: Durable Goods in Wisconsin
SMU55000003100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
271.80
Year-over-Year Change
-2.62%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of manufacturing employees in the durable goods sector in the state of Wisconsin. It provides insight into the health and activity of the state's manufacturing industry.
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: Manufacturing: Durable Goods in Wisconsin metric tracks the total number of workers employed in the production of durable manufactured goods, such as machinery, electronics, and transportation equipment, within the state. This data point is used by economists and policymakers to gauge the strength of Wisconsin's manufacturing base and its overall economic performance.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by state and federal officials to inform economic and workforce development policies.
Key Facts
- Wisconsin is a major hub for durable goods manufacturing.
- Durable goods account for over 20% of the state's total employment.
- Manufacturing job trends in Wisconsin are closely tied to the national economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the production of durable manufactured goods, such as machinery, electronics, and transportation equipment, within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The health of Wisconsin's durable goods manufacturing sector is a key indicator of the state's overall economic performance and can inform policy decisions around workforce development, business investment, and economic growth strategies.
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: State and federal officials closely monitor this metric to inform economic and workforce development policies, as it provides insights into the strength of Wisconsin's manufacturing base and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately one month, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods in Wisconsin (SMU55000003100000001A), retrieved from FRED.