Production or Nonsupervisory Employees: Manufacturing in North Carolina
SMU37000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
339.80
Year-over-Year Change
3.35%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing sector of North Carolina. It is a key indicator of the health and activity of the state's manufacturing industry.
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 Production or Nonsupervisory Employees: Manufacturing in North Carolina metric tracks the number of non-managerial workers employed in manufacturing companies across the state. This data provides valuable insights into the strength and trends of North Carolina's manufacturing labor force.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to assess the performance and outlook of North Carolina's manufacturing sector.
Key Facts
- North Carolina is a major manufacturing hub in the Southeast United States.
- Manufacturing accounts for over 10% of the state's total employment.
- The number of production workers is a leading indicator of manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees working in the manufacturing sector of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of North Carolina's manufacturing industry, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to assess the strength and outlook of North Carolina's manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of one to two months between the reference period and the release of the information.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing in North Carolina (SMU37000003000000006A), retrieved from FRED.