All Employees: Non-Durable Goods: Fiber, Yarn, and Thread Mills in North Carolina
SMU37000003231310001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
-26.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the fiber, yarn, and thread mills industry in North Carolina. It provides insight into the health and dynamics of the state's non-durable goods manufacturing sector.
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: Fiber, Yarn, and Thread Mills in North Carolina data series tracks the number of individuals employed in this specific manufacturing industry within the state. It is a key indicator of production capacity and economic activity in a critical component of North Carolina's industrial base.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, industry analysts, and investors to assess the performance of North Carolina's manufacturing economy.
Key Facts
- North Carolina is a major hub for textile manufacturing in the U.S.
- Fiber, yarn, and thread mills account for a significant portion of the state's non-durable goods production.
- Employment in this industry has experienced volatility in recent decades due to global competition and technological change.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the fiber, yarn, and thread mills industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into the health and dynamics of a critical component of North Carolina's manufacturing economy, which is closely watched by policymakers, industry analysts, and investors.
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: Policymakers and analysts use this employment data to assess the performance of North Carolina's manufacturing sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may be subject to revisions and limitations inherent in survey-based employment statistics.
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Citation
U.S. Federal Reserve, All Employees: Non-Durable Goods: Fiber, Yarn, and Thread Mills in North Carolina (SMU37000003231310001A), retrieved from FRED.