All Employees: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in North Carolina
SMU37000003231200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
37.86%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the beverage and tobacco product manufacturing industry in North Carolina. It provides insights into the state's non-durable goods production and labor market dynamics.
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: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in North Carolina metric tracks employment in this key manufacturing sector. It serves as an indicator of production capacity, economic health, and industry trends within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor North Carolina's manufacturing output and labor market conditions.
Key Facts
- North Carolina is a major center for beverage and tobacco manufacturing.
- This industry employs over 20,000 workers in the state.
- Employment levels have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the beverage and tobacco product manufacturing industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production capacity and economic health of a key manufacturing sector in North Carolina, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor manufacturing output and labor market conditions in North Carolina, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be some delay in the data reporting, and the metric only covers the beverage and tobacco manufacturing industry in North Carolina specifically.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in North Carolina (SMU37000003231200001A), retrieved from FRED.