All Employees: Durable Goods: Sawmills and Wood Preservation in Mississippi
SMU28000003132110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
17.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks employment in the durable goods manufacturing sector, specifically sawmills and wood preservation facilities located in Mississippi. It provides insight into the strength of a key regional industry.
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 All Employees: Durable Goods: Sawmills and Wood Preservation in Mississippi indicator measures the number of workers employed in these wood product manufacturing facilities across the state. This metric is used by economists and policymakers to monitor the health and competitiveness of Mississippi's forestry and lumber industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader timber and forest products markets, as well as the economic conditions in Mississippi.
Key Facts
- Mississippi is a major lumber and forestry hub in the U.S.
- Sawmills and wood preservation facilities employ over 5,000 workers in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of employees working in sawmills and wood preservation facilities located in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the strength and competitiveness of Mississippi's forestry and lumber industry, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor the health of Mississippi's timber and forest products markets, which informs decisions around economic development and support for the industry.
Q: Are there update delays or limitations?
A: The employment data is released on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Sawmills and Wood Preservation in Mississippi (SMU28000003132110001A), retrieved from FRED.