All Employees: Non-Durable Goods: Textile Mills in North Carolina
SMU37000003231300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.50
Year-over-Year Change
-23.76%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in textile mills, a key industry in North Carolina's manufacturing sector. Tracking this metric provides insight into the health and competitiveness of the state's textile production.
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: Textile Mills in North Carolina metric reports the total number of workers employed in the textile mill industry within the state. This serves as an important indicator of activity and output in this crucial manufacturing segment.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Textile manufacturing has long been a driver of North Carolina's economy, and this data helps policymakers and analysts monitor the industry's performance.
Key Facts
- North Carolina is the largest textile producing state in the U.S.
- Textile mills account for over 30,000 jobs in North Carolina.
- The state's textile industry has experienced significant automation and offshoring in recent decades.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in textile mills, a key manufacturing industry, within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in the textile mill industry provides insight into the health and competitiveness of this important sector of North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to track performance and trends in North Carolina's textile manufacturing industry, which has long been a driver of the state's economy.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reference period and the data's release.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Textile Mills in North Carolina (SMU37000003231300001A), retrieved from FRED.