All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in Alabama
SMU01000003132100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.80
Year-over-Year Change
1.08%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in Alabama' metric tracks employment levels in Alabama's wood product manufacturing industry, a key component of the state's durable goods 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
This economic indicator provides insight into the production and labor demands of Alabama's wood processing and fabrication companies, which supply materials for construction, furniture, and other durable goods. Monitoring this trend helps policymakers and analysts assess the health and competitiveness of the state's manufacturing base.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Wood product manufacturing employment is an important real-time signal of broader economic and industrial activity in Alabama.
Key Facts
- Alabama is a top-10 U.S. state for wood product manufacturing.
- This sector employs over 20,000 people in the state.
- Wood product manufacturing contributed $3.2 billion to Alabama's GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of people employed in wood product manufacturing companies located in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Monitoring employment in Alabama's wood product manufacturing sector provides insight into the state's broader manufacturing economy and industrial production activities.
Q: How is this data collected or calculated?
A: The data is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to assess the health and competitiveness of Alabama's manufacturing base and make informed decisions about economic development initiatives.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in Alabama (SMU01000003132100001), retrieved from FRED.