All Employees: Goods Producing in Utah
SMU49000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314.30
Year-over-Year Change
2.81%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in Utah' data series tracks the total number of employees in the goods-producing sector of Utah's economy. This metric is a key indicator of the state's industrial activity and economic health.
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 goods-producing sector encompasses industries like manufacturing, mining, and construction. The employment levels in this sector reflect the overall strength and productivity of Utah's industrial base, which is crucial for supporting broader economic growth and development.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the performance and outlook of Utah's industrial economy.
Key Facts
- Utah's goods-producing sector employs over 220,000 workers.
- Manufacturing accounts for the largest share of goods-producing jobs in the state.
- Employment in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in Utah's goods-producing industries, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: The performance of the goods-producing sector is a key indicator of Utah's industrial activity and broader economic health, making this trend important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and outlook of Utah's industrial economy, which informs decisions on economic development, workforce, and other policy areas.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in Utah (SMU49000000600000001), retrieved from FRED.