All Employees: Non-Durable Goods: Plastics and Rubber Products Manufacturing in Alabama
SMU01000003232600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.30
Year-over-Year Change
28.87%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of non-durable goods employees in the plastics and rubber products manufacturing industry in Alabama. It provides insight into the state's manufacturing labor market 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 All Employees: Non-Durable Goods: Plastics and Rubber Products Manufacturing in Alabama series tracks the total employment figures for this key manufacturing sector. It is used by economists and policymakers to analyze industrial production, consumer demand, and broader economic conditions in the state.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by state and federal officials to assess the health of Alabama's manufacturing base and guide economic policies.
Key Facts
- Alabama is a major center for plastics and rubber manufacturing.
- This sector employs over 25,000 workers in the state.
- Plastics and rubber products account for 10% of Alabama's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-durable goods employees in the plastics and rubber products manufacturing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a key manufacturing sector in Alabama, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this metric to assess the strength of Alabama's manufacturing base and guide economic development policies accordingly.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Plastics and Rubber Products Manufacturing in Alabama (SMU01000003232600001A), retrieved from FRED.