Production or Nonsupervisory Employees: Manufacturing in Maine
SMU23000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
-3.66%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of manufacturing production or nonsupervisory employees in the state of Maine. It provides insight into the health and activity of the manufacturing sector in the state.
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: Manufacturing in Maine series tracks the number of employees in the manufacturing industry who are not in supervisory roles. This metric offers a snapshot of the current state of the manufacturing workforce and production capacity in Maine.
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 analysts to gauge the strength of Maine's manufacturing economy.
Key Facts
- Maine has a sizable manufacturing sector, accounting for 10% of the state's GDP.
- Production and nonsupervisory employees make up about 80% of the total manufacturing workforce in Maine.
- Manufacturing employment in Maine has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of manufacturing production or nonsupervisory employees in the state of Maine. It provides insight into the health and activity of the manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the current state of Maine's manufacturing economy and workforce. It is widely used by economists, policymakers, and analysts to gauge the strength and stability of the manufacturing sector in the state.
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 used by policymakers, economists, and market analysts to assess the health and direction of Maine's manufacturing sector, which is a crucial component of the state's economy. It informs decision-making on economic policies, workforce development, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period. There are no known major limitations to the data collection or reporting for this series.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing in Maine (SMU23000003000000006A), retrieved from FRED.