Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Missouri
SMU29000003200000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.70
Year-over-Year Change
-7.39%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or non-supervisory employees in the manufacturing sector for non-durable goods industries in Missouri. It provides insights into the state's manufacturing labor market and broader economic conditions.
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: Non-Durable Goods in Missouri series tracks the employment levels of workers directly involved in manufacturing processes, excluding managers and supervisors, for industries producing non-durable goods in the state. This metric is used by economists and policymakers to analyze labor market dynamics and manufacturing sector performance.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored for its implications on the state's economic growth, industrial productivity, and the overall health of Missouri's manufacturing sector.
Key Facts
- Missouri is a major manufacturing hub, contributing over $30 billion to the state's GDP.
- Non-durable goods industries account for nearly half of the state's total manufacturing employment.
- Manufacturing employment in Missouri has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or non-supervisory employees in the manufacturing sector for non-durable goods industries in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market dynamics and overall performance of Missouri'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 through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to analyze labor market conditions, industrial productivity, and the overall health of Missouri's manufacturing sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Missouri (SMU29000003200000006A), retrieved from FRED.