All Employees: Durable Goods: Furniture and Related Product Manufacturing in Mississippi
SMU28000003133700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
-21.55%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the furniture and related product manufacturing industry in Mississippi. It provides insight into the state's durable goods manufacturing sector and can indicate broader trends in the regional economy.
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: Durable Goods: Furniture and Related Product Manufacturing in Mississippi metric tracks the total number of workers employed in this specific manufacturing subsector within the state. It is a key indicator of activity and output in this important industry cluster.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and regional economic development officials.
Key Facts
- Mississippi is a major hub for furniture manufacturing in the U.S.
- The furniture industry accounts for a significant share of the state's durable goods output.
- Employment levels in this sector are a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the furniture and related product manufacturing industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of a key manufacturing sector in the Mississippi economy, which has important implications for regional economic development and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry groups, and economic development officials closely monitor this trend to gauge the strength of the manufacturing sector and make informed decisions about supporting the furniture industry in Mississippi.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Furniture and Related Product Manufacturing in Mississippi (SMU28000003133700001A), retrieved from FRED.