All Employees: Durable Goods: Sawmills and Wood Preservation in Washington
This dataset tracks all employees: durable goods: sawmills and wood preservation in washington over time.
Latest Value
5.80
Year-over-Year Change
-6.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the sawmills and wood preservation industry in Washington state. It provides insights into the health and activity of the local forestry 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: Sawmills and Wood Preservation in Washington metric tracks the number of individuals employed in the sawmill and wood preservation industries across the state. This data point offers valuable insights into the strength and viability of the regional forestry and timber processing sectors.
Methodology
The data is collected through monthly surveys of businesses in the relevant industries.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge the condition of Washington's forestry economy.
Key Facts
- Washington is a major producer of timber and wood products.
- The sawmill and wood preservation industries are a significant source of jobs in the state.
- Employment in these sectors can indicate the health of the broader forestry economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the sawmill and wood preservation industries across the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This data point provides valuable insights into the strength and activity of Washington's forestry sector, which is a critical part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the relevant industries.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to gauge the condition of Washington's forestry economy and inform relevant economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revisions common to government statistical releases.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Sawmills and Wood Preservation in Washington (SMU53000003132110001A), retrieved from FRED.