All Employees: Non-Durable Goods: Textile Product Mills in Alabama
SMU01000003231400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-35.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of non-durable goods employees in the textile product mills industry in Alabama. It provides insight into the state's manufacturing activity and competitiveness.
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: Non-Durable Goods: Textile Product Mills in Alabama series tracks the total number of employees in this manufacturing subsector across the state. It serves as an indicator of production capacity, labor market trends, and overall economic conditions in Alabama's textile industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, industry analysts, and economists to assess the health and trajectory of Alabama's textile manufacturing sector.
Key Facts
- Alabama is a major center for textile manufacturing in the U.S.
- Textile product mills account for a significant portion of the state's non-durable goods employment.
- This data series dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the textile product mills industry within the non-durable goods manufacturing sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of Alabama's textile manufacturing industry, which is an important component of the state's economy.
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: Policymakers, industry analysts, and economists use this metric to assess the performance and outlook of Alabama's textile manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the series is updated regularly by the U.S. Federal Reserve and available through the FRED database.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Textile Product Mills in Alabama (SMU01000003231400001A), retrieved from FRED.