All Employees: Non-Durable Goods: Food Manufacturing in Delaware
SMU10000003231100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.90
Year-over-Year Change
25.29%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the number of all employees in the food manufacturing industry in Delaware. It provides insights into the state's manufacturing sector and labor market.
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: Food Manufacturing in Delaware series tracks the total number of employees in the food manufacturing subsector of the state's non-durable goods industry. This metric is used to assess the health and trends within Delaware's manufacturing economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to understand labor market dynamics and manufacturing activity in Delaware.
Key Facts
- Delaware's food manufacturing sector employs over 4,000 workers.
- Food manufacturing accounts for 12% of Delaware's total non-durable goods employment.
- Employment in this industry has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food manufacturing subsector of Delaware's non-durable goods industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and trends within Delaware's manufacturing economy, which is an important part of the state's overall economic performance.
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 and economists analyze this trend to understand labor market dynamics and manufacturing activity in Delaware, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Food Manufacturing in Delaware (SMU10000003231100001A), retrieved from FRED.