All Employees: Durable Goods: Transportation Equipment Manufacturing in Rhode Island
SMU44000003133600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
131.43%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total number of employees in the transportation equipment manufacturing sector in Rhode Island. It provides insight into the state's durable goods manufacturing industry and overall economic activity.
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: Durable Goods: Transportation Equipment Manufacturing in Rhode Island metric tracks the employment levels in a key component of the state's manufacturing base. This data series is used by economists and policymakers to assess the health of Rhode Island's durable goods production and broader economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in transportation equipment manufacturing employment are closely watched for their implications on the state's economic performance and potential policy responses.
Key Facts
- Transportation equipment is a major component of Rhode Island's durable goods manufacturing sector.
- Employment in this industry provides important economic activity and income for the state.
- Trends in transportation equipment manufacturing can signal broader shifts in Rhode Island's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the transportation equipment manufacturing industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation equipment manufacturing employment provide insight into the health of a key component of Rhode Island's durable goods production and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the performance of Rhode Island's manufacturing sector and its implications for the state's overall economic activity.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of this data, and the series may not capture all employment in the transportation equipment manufacturing industry.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Transportation Equipment Manufacturing in Rhode Island (SMU44000003133600001A), retrieved from FRED.