Employment for Manufacturing: Textile Mills (NAICS 313) in the United States
IPUEN313W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-270.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures employment in the textile mills industry, a key indicator of manufacturing activity and economic health.
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 textile mills industry (NAICS 313) is a critical component of the U.S. manufacturing sector. This employment data provides insights into production capacity, labor market dynamics, and broader trends in the manufacturing economy.
Methodology
The data is collected through monthly surveys of industrial firms by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the state of the manufacturing industry and its impact on the overall economy.
Key Facts
- Textile mills employ over 200,000 workers in the U.S.
- This industry has seen a decline in employment over the past decade.
- The textile mills sector accounts for about 2% of total U.S. manufacturing jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of employment in the textile mills industry (NAICS 313), which includes establishments that manufacture a variety of textile products such as yarn, fabric, and apparel.
Q: Why is this trend relevant for users or analysts?
A: The textile mills industry is an important indicator of overall manufacturing activity and economic health. Changes in employment in this sector can provide insights into production capacity, labor market dynamics, and broader trends in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial firms conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the manufacturing industry and its impact on the overall economy, informing decisions on trade, investment, and economic stimulation policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months. As with any survey-based data, there may be some limitations in terms of sample size and response rates.
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Citation
U.S. Federal Reserve, Employment for Manufacturing: Textile Mills (NAICS 313) in the United States (IPUEN313W201000000), retrieved from FRED.