All Employees: Manufacturing: Non-Durable Goods in Wisconsin
SMU55000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.20
Year-over-Year Change
8.99%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Manufacturing: Non-Durable Goods in Wisconsin' trend measures employment in the non-durable goods manufacturing sector in the state of Wisconsin. This indicator provides insights into the health and dynamics of Wisconsin's manufacturing industry.
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
This economic series tracks the total number of employees in the non-durable goods manufacturing subsector in Wisconsin. It is a key metric used by economists and policymakers to assess the state's industrial production capacity, labor market, and overall economic performance.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
This trend is widely referenced by market analysts, economic researchers, and government agencies to understand Wisconsin's manufacturing sector and its contribution to the state's economy.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Non-durable goods make up a significant portion of the state's manufacturing output.
- Manufacturing accounts for over 16% of Wisconsin's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the non-durable goods manufacturing subsector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and dynamics of Wisconsin's manufacturing industry, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess Wisconsin's industrial production capacity, labor market, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the standard publication schedule and revision processes of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Non-Durable Goods in Wisconsin (SMU55000003200000001A), retrieved from FRED.