Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Arkansas
SMU05000003200000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.20
Year-over-Year Change
4.76%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing of non-durable goods in Arkansas. It provides valuable insights into the state's manufacturing sector and 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 number of production or nonsupervisory employees in the manufacturing of non-durable goods is an important indicator of the health and performance of a state's manufacturing industry. It reflects the level of production, employment, and economic output in this key sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the state of Arkansas' manufacturing industry and broader economic conditions.
Key Facts
- Arkansas is a major manufacturing state, contributing over $16 billion to the state's GDP.
- The non-durable goods sector includes industries like food processing, textiles, and plastics.
- Manufacturing accounts for around 12% of Arkansas' total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing of non-durable goods in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Arkansas' manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the state of Arkansas' manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revision as additional information becomes available.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Arkansas (SMU05000003200000006A), retrieved from FRED.