All Employees: Durable Goods: Wood Product Manufacturing in Maine
SMU23000003132100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-6.52%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Durable Goods: Wood Product Manufacturing in Maine' series tracks employment in the wood product manufacturing industry in Maine, a key economic indicator for the state's forestry and manufacturing sectors.
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
This series measures the total number of employees in the wood product manufacturing industry across the state of Maine. It provides insight into the health and activity of a critical component of Maine's economy, which has historically been reliant on forestry and related manufacturing.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is monitored by policymakers, analysts, and industry participants to gauge the performance of Maine's manufacturing and natural resource sectors.
Key Facts
- Maine is a leading producer of wood products in the U.S.
- The wood product manufacturing industry accounts for a significant portion of Maine's manufacturing employment.
- Employment trends in this sector reflect the overall health of Maine's forest products industry.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employees in the wood product manufacturing industry across the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides valuable insight into the performance of a critical component of Maine's economy, which has historically been reliant on forestry and related manufacturing.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is monitored by policymakers, analysts, and industry participants to gauge the health and activity of Maine's manufacturing and natural resource sectors.
Q: Are there update delays or limitations?
A: The data is subject to the regular release schedule and potential revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Wood Product Manufacturing in Maine (SMU23000003132100001A), retrieved from FRED.