All Employees: Durable Goods: Machinery Manufacturing in Wisconsin
SMU55000003133300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.40
Year-over-Year Change
-1.95%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Machinery Manufacturing in Wisconsin' metric tracks employment levels in the machinery manufacturing industry within the state of Wisconsin. This provides insight into the health and activity of a key component of the state's durable goods production 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
This economic series measures the total number of employees working in machinery manufacturing facilities located in Wisconsin. It serves as an important indicator of production capacity, industrial output, and economic conditions in this core manufacturing state.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Wisconsin's manufacturing base and make informed decisions about economic and workforce development initiatives.
Key Facts
- Wisconsin is a major producer of industrial machinery.
- Machinery manufacturing provides over 100,000 jobs in the state.
- This metric has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in machinery manufacturing facilities located within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and activity of a key component of Wisconsin's durable goods production sector, which is critical to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Wisconsin's manufacturing base and make informed decisions about economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Machinery Manufacturing in Wisconsin (SMU55000003133300001A), retrieved from FRED.