Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Rhode Island
SMU44000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.90
Year-over-Year Change
4.07%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods in Rhode Island. It provides insights into the state's manufacturing sector and can inform policy decisions.
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: Durable Goods in Rhode Island series tracks the employment levels of non-managerial workers in the durable goods manufacturing industry within the state. This data is used by economists and policymakers to assess the health and competitiveness of Rhode Island's manufacturing base.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to gauge the strength of Rhode Island's manufacturing economy and inform decisions related to economic development and workforce planning.
Key Facts
- Rhode Island's durable goods manufacturing employed over 30,000 workers as of the latest data.
- Durable goods account for around 40% of total manufacturing employment in the state.
- The trend has shown gradual declines in recent years, reflecting broader shifts in the U.S. manufacturing landscape.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees engaged in the manufacturing of durable goods within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and competitiveness of Rhode Island's manufacturing sector, which is a key driver of the state's economy. It is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform decisions related to economic development, workforce planning, and manufacturing competitiveness in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Rhode Island (SMU44000003100000006A), retrieved from FRED.