All Employees: Non-Durable Goods: Food Manufacturing in Nebraska
SMU31000003231100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
23.88%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the food manufacturing industry in Nebraska. It serves as an important indicator of economic activity and labor market conditions in 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 All Employees: Non-Durable Goods: Food Manufacturing in Nebraska indicator tracks employment levels in the food production industry across the state. It provides insight into the health and output of this vital component of Nebraska's economy.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, investors, and analysts to gauge the strength of Nebraska's manufacturing base and consumer demand.
Key Facts
- Nebraska is a leading producer of beef, pork, and dairy products.
- Food manufacturing accounts for over 10% of the state's total employment.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food manufacturing industry across the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and output of Nebraska's vital food production sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by policymakers, investors, and analysts to gauge the strength of Nebraska's manufacturing base and consumer demand.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short time lag, providing timely insights into employment trends in this industry.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Food Manufacturing in Nebraska (SMU31000003231100001A), retrieved from FRED.