All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Rhode Island
SMU44000003133200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
2.38%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the durable goods manufacturing sector of fabricated metal product manufacturing in Rhode Island. It provides insight into the state's manufacturing activity and economic conditions.
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: Fabricated Metal Product Manufacturing in Rhode Island series tracks the total employment in this key manufacturing industry within the state. It is an important indicator of Rhode Island's industrial output and the health of its manufacturing sector.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess Rhode Island's economic performance and competitiveness.
Key Facts
- Rhode Island's fabricated metal manufacturing employs over 6,000 workers.
- Durable goods manufacturing accounts for nearly one-quarter of the state's total employment.
- This sector has seen steady growth in recent years, reflecting Rhode Island's industrial revival.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the durable goods manufacturing sector of fabricated metal product manufacturing within the state of Rhode Island.
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 Rhode Island, which is an important indicator of the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess Rhode Island's manufacturing sector and competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Rhode Island (SMU44000003133200001), retrieved from FRED.