All Employees: Durable Goods: Jewelry and Silverware Manufacturing in Rhode Island
SMU44000003133991001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
-43.24%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the jewelry and silverware manufacturing industry in Rhode Island. It provides insight into the production and labor dynamics of this specialized manufacturing sector.
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: Jewelry and Silverware Manufacturing in Rhode Island metric tracks the total employment levels in this niche manufacturing industry within the state. It is a key indicator of activity and labor demand in this specialized segment of the state's durable goods production.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and competitiveness of Rhode Island's jewelry and silverware manufacturing sector.
Key Facts
- Rhode Island is a major center for jewelry and silverware production in the U.S.
- This industry accounts for a significant share of the state's durable goods manufacturing employment.
- Trends in this metric can signal broader shifts in consumer demand and production capacity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the jewelry and silverware manufacturing industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the production capacity, labor dynamics, and economic health of a specialized manufacturing sector that is important to Rhode Island's economy.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the competitiveness and labor market conditions in Rhode Island's jewelry and silverware manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Jewelry and Silverware Manufacturing in Rhode Island (SMU44000003133991001A), retrieved from FRED.