All Employees: Durable Goods: Furniture and Related Product Manufacturing in Tennessee
This dataset tracks all employees: durable goods: furniture and related product manufacturing in tennessee over time.
Latest Value
9.00
Year-over-Year Change
3.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the furniture and related product manufacturing industry in Tennessee. It provides insight into the health and output of this important 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: Furniture and Related Product Manufacturing in Tennessee metric tracks the total employment in this specialized manufacturing subsector across the state. It is a key indicator of economic activity and production capacity in the furniture industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitive position and outlook for Tennessee's furniture manufacturing sector.
Key Facts
- Tennessee is a major center for furniture manufacturing.
- Furniture production accounts for over 10,000 jobs in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the furniture and related product manufacturing industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output capacity of an important manufacturing sector in Tennessee, making it useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments 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 assess the competitiveness and outlook for Tennessee's furniture manufacturing industry, which is a key part of the state's durable goods production.
Q: Are there update delays or limitations?
A: There may be some reporting lags, but this data is generally released on a timely monthly basis by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Furniture and Related Product Manufacturing in Tennessee (SMU47000003133700001A), retrieved from FRED.