Employment for Manufacturing: Other Textile Product Mills (NAICS 3149) in the United States
IPUEN3149W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-50.00%
Date Range
1/1/1988 - 1/1/2024
Summary
This index measures employment in the Other Textile Product Mills industry (NAICS 3149) in the United States. It provides a key indicator of the health and productivity of this 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
The Other Textile Product Mills industry includes establishments that manufacture a variety of textile products, excluding apparel. This employment index is a timely economic indicator used by analysts to assess the strength of the U.S. manufacturing economy.
Methodology
The data is collected by the U.S. Federal Reserve through monthly surveys of industrial production.
Historical Context
Policymakers and economists monitor this index to gauge overall manufacturing activity and inform economic policy decisions.
Key Facts
- The index uses 2012 as the base year.
- Employment in this industry has declined over the past decade.
- This sector accounts for around 2% of total U.S. manufacturing employment.
FAQs
Q: What does this economic trend measure?
A: This index measures employment levels in the Other Textile Product Mills industry, which encompasses the manufacturing of various textile products excluding apparel.
Q: Why is this trend relevant for users or analysts?
A: This employment index provides a timely indicator of the health and productivity of the U.S. manufacturing sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monthly surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to gauge overall manufacturing activity and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Employment for Manufacturing: Other Textile Product Mills (NAICS 3149) in the United States (IPUEN3149W201000000), retrieved from FRED.