All Employees: Non-Durable Goods: Paper Manufacturing in Maine
SMU23000003232200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-44.44%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of non-durable goods manufacturing employees in the paper industry in Maine. It is an important indicator of manufacturing activity and economic conditions 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 All Employees: Non-Durable Goods: Paper Manufacturing in Maine metric tracks the employment levels in the paper manufacturing industry, which is a key component of Maine's manufacturing sector. This data point provides insight into the health and output of this critical industry for the state's economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Maine's manufacturing base and identify economic trends.
Key Facts
- Maine is a leading paper-producing state in the U.S.
- Paper manufacturing is a major employer in the state's economy.
- This metric has shown gradual employment declines in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the paper manufacturing industry, which is part of the non-durable goods manufacturing sector, within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output of Maine's paper manufacturing industry, which is a critical component of the state's overall manufacturing base and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Maine's manufacturing sector and identify economic trends that may inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the survey-based collection process, and the metric only represents a specific industry and geographic area.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Paper Manufacturing in Maine (SMU23000003232200001A), retrieved from FRED.