Production or Nonsupervisory Employees: Non-Durable Goods: Food Manufacturing in Washington
SMU53000003231100006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
10.71%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the food manufacturing industry in Washington state. It provides insight into the labor market and output of this key 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 production or nonsupervisory employees metric tracks the workforce involved in the direct manufacture of food products, excluding managerial and supervisory staff. This data point is a leading indicator of activity and productivity in the food manufacturing industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of the food manufacturing industry and its role in the broader state economy.
Key Facts
- Food manufacturing is a major industry in Washington state.
- Employment in this sector has remained relatively stable in recent years.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the food manufacturing industry in Washington state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a key manufacturing sector in the state's economy.
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: Policymakers and analysts use this metric to assess the outlook of the food manufacturing industry and its role in the broader state economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short lag, providing timely information on this economic sector.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Non-Durable Goods: Food Manufacturing in Washington (SMU53000003231100006A), retrieved from FRED.