All Employees: Non-Durable Goods: Animal Slaughtering and Processing in Alabama
SMU01000003231160001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.70
Year-over-Year Change
7.39%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the animal slaughtering and processing industry in Alabama, a key indicator of non-durable goods production and regional economic activity.
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: Non-Durable Goods: Animal Slaughtering and Processing in Alabama series tracks the number of people employed in this critical manufacturing sector, providing insights into supply chain dynamics and consumer demand for meat products.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to assess the health of Alabama's food processing industry and broader economic conditions.
Key Facts
- Alabama is a major center for meat processing in the U.S.
- This industry employs over 25,000 workers in the state.
- Meat processing is a key driver of Alabama's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the animal slaughtering and processing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of Alabama's food manufacturing sector and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of Alabama's manufacturing base and consumer demand for meat products.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Animal Slaughtering and Processing in Alabama (SMU01000003231160001A), retrieved from FRED.