Production or Nonsupervisory Employees: Manufacturing in Rhode Island
SMU44000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
-0.37%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing sector in Rhode Island. It provides insight into 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 Rhode Island indicator tracks the employment levels of production workers and other non-managerial staff in Rhode Island's manufacturing companies. It is a valuable metric for analyzing labor market dynamics and the broader economic conditions in the state's manufacturing sector.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to gauge the performance and competitiveness of Rhode Island's manufacturing base.
Key Facts
- Rhode Island's manufacturing sector employs over 40,000 workers.
- Manufacturing accounts for about 10% of the state's total employment.
- The number of production workers has declined by 20% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing sector in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and activity of Rhode Island's manufacturing industry, which is an important part of the state'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: This metric is closely watched by policymakers, economists, and industry analysts to gauge the performance and competitiveness of Rhode Island's manufacturing base.
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.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing in Rhode Island (SMU44000003000000006A), retrieved from FRED.