All Employees: Non-Durable Goods: Pulp, Paper, and Paperboard Mills in Alabama
SMU01000003232210001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
-24.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of non-durable goods employees in Alabama's pulp, paper, and paperboard mills. It provides insights into the manufacturing sector and labor market conditions in this 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: Non-Durable Goods: Pulp, Paper, and Paperboard Mills in Alabama series tracks the monthly employment levels in this manufacturing subsector within the state. It is used by economists and policymakers to analyze trends in industrial production and the broader labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for assessing the health of Alabama's manufacturing industry and its contribution to the state's overall economic performance.
Key Facts
- Alabama is a major producer of pulp, paper, and paperboard products.
- The pulp and paper industry is a significant employer in the state.
- Employment trends in this sector can signal changes in broader manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly employment levels in Alabama's pulp, paper, and paperboard mills, which are part of the non-durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Alabama's manufacturing industry and labor market conditions in this specific subsector, which is important for economic analysis and policymaking.
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: Trends in pulp, paper, and paperboard mill employment in Alabama are relevant for assessing the state's overall economic performance and informing policy decisions related to the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and revision process of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Pulp, Paper, and Paperboard Mills in Alabama (SMU01000003232210001A), retrieved from FRED.