All Employees: Durable Goods: Wood Product Manufacturing in North Carolina
SMU37000003132100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.40
Year-over-Year Change
17.20%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the wood product manufacturing industry in North Carolina. It provides insight into the strength and growth of this key manufacturing sector within the state's economy.
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: Wood Product Manufacturing in North Carolina series tracks the total number of individuals employed in the production of wood products, such as lumber, plywood, and other wood materials, across the state. This data is used by economists and policymakers to monitor the health and dynamics of North Carolina's manufacturing industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by industry analysts and state economic development agencies to assess the competitiveness and outlook for North Carolina's wood products manufacturers.
Key Facts
- North Carolina is a leading producer of wood products in the United States.
- The wood products industry employs over 50,000 people in the state.
- Demand for North Carolina's wood products has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the wood product manufacturing industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into the strength and performance of a key manufacturing sector within North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State economic development agencies and industry analysts closely monitor this trend to assess the competitiveness and outlook for North Carolina's wood products manufacturers.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Wood Product Manufacturing in North Carolina (SMU37000003132100001A), retrieved from FRED.