All Employees: Durable Goods: Furniture and Related Product Manufacturing in Alabama
SMU01000003133700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
2.35%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the furniture and related product manufacturing industry in Alabama. It is an important indicator for understanding the state's durable goods manufacturing sector and broader economic conditions.
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: Furniture and Related Product Manufacturing in Alabama series tracks the number of people employed in this manufacturing subsector across the state. It provides insights into the production and labor dynamics of this key industry within Alabama's durable goods economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the health and trajectory of Alabama's manufacturing base and broader economic performance.
Key Facts
- Alabama is a major furniture production hub in the U.S.
- Furniture manufacturing accounts for over 10,000 jobs in the state.
- Employment in this sector has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the furniture and related product manufacturing industry across the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Alabama's durable goods 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 monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess the strength of Alabama's manufacturing base and make informed decisions about economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of monthly employment surveys, but it provides a reliable and timely indicator of trends in Alabama's furniture manufacturing industry.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Furniture and Related Product Manufacturing in Alabama (SMU01000003133700001A), retrieved from FRED.