Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Connecticut
SMU09000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.30
Year-over-Year Change
-10.20%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods in the state of Connecticut. It provides valuable insights into the health and activity of the state's 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 production or nonsupervisory employees metric represents the number of workers involved in the actual production process, excluding supervisory and managerial personnel. This trend is closely monitored by economists and policymakers to gauge the strength and resilience of Connecticut's manufacturing industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts use this trend to inform economic and workforce development strategies in Connecticut.
Key Facts
- Connecticut's manufacturing sector employs over 160,000 workers.
- Durable goods production accounts for nearly 60% of the state's total manufacturing jobs.
- The number of production employees has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and activity of Connecticut's manufacturing sector, 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 employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform economic and workforce development strategies in Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Connecticut (SMU09000003100000006A), retrieved from FRED.