All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in Montana
SMU30000003132100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-4.14%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the durable goods manufacturing sector of wood product manufacturing in Montana. It is a key indicator of the state's industrial activity and economic health.
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: Manufacturing: Durable Goods: Wood Product Manufacturing in Montana series tracks the total number of workers employed in this specific manufacturing industry within the state. It provides insight into the production capacity, labor demand, and overall performance of this segment of Montana's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is monitored by policymakers, economists, and industry analysts to assess the manufacturing sector's contribution to Montana's economic growth and development.
Key Facts
- Montana's wood product manufacturing industry employs over 5,000 workers.
- Durable goods manufacturing accounts for approximately 20% of the state's total industrial output.
- Employment in this sector 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 working in the durable goods manufacturing sector of wood product manufacturing in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health and performance of a key manufacturing industry in Montana, which is important for understanding the state's overall economic conditions and industrial activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor this trend to assess the manufacturing sector's contribution to Montana's economic growth and development, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, providing timely but not real-time information on this industry's employment trends.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in Montana (SMU30000003132100001SA), retrieved from FRED.