Production or Nonsupervisory Employees: Manufacturing in Connecticut
SMU09000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.10
Year-over-Year Change
-5.13%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic indicator tracks the number of production or nonsupervisory employees in the manufacturing sector in Connecticut. It is a key measure of manufacturing activity and employment in the state.
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: Manufacturing in Connecticut series measures the total number of production and nonsupervisory employees in the manufacturing industry across the state. This metric provides insight into the health and trends of Connecticut's manufacturing labor force.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and businesses to assess the state of Connecticut's manufacturing sector and broader economic conditions.
Key Facts
- Manufacturing accounts for over 10% of Connecticut's GDP.
- Connecticut lost over 100,000 manufacturing jobs from 2000 to 2020.
- The sector saw a rebound in employment in 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of production and nonsupervisory employees in the manufacturing sector across the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a critical part of Connecticut's economy, and this metric provides insight into the health and direction of the state's manufacturing labor force.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this indicator to assess the state of Connecticut's manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
Related Trends
Gross Domestic Product: Natural Resources and Mining (11, 21) in Connecticut
CTNATRESMINNGSP
Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Connecticut
SMU09000003200000006SA
All Employees: Professional and Business Services in Connecticut
CTPBSV
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Connecticut
PPCILBU18CT09000A156NCEN
Estimate of People of All Ages in Poverty in Connecticut
PEAACT09000A647NCEN
Real Per Capita Personal Income: Nonmetropolitan Portion for Connecticut
CTNMPRPIPC
Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing in Connecticut (SMU09000003000000006A), retrieved from FRED.