Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.30
Year-over-Year Change
16.36%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend tracks the number of production or nonsupervisory employees in the manufacturing of durable goods industry in Alabama. It provides insight into the state's manufacturing labor force and economic activity.
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 production or nonsupervisory employees metric represents the number of workers directly involved in the manufacturing process, excluding managers and supervisors. This data point is used by economists to analyze labor market trends and assess the health of the manufacturing sector within Alabama.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform policy decisions and market analysis related to Alabama's manufacturing industry and economic performance.
Key Facts
- Alabama is a major manufacturing hub in the Southeast U.S.
- Durable goods manufacturing accounts for a significant portion of the state's economy.
- This metric has shown steady growth in recent years, indicating a strengthening manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and labor force dynamics of Alabama's 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 employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform policy decisions and market analysis related to Alabama's manufacturing industry and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Alabama (SMU01000003100000006A), retrieved from FRED.