All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Rhode Island
SMU44000003133200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
2.30%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of manufacturing employees in the durable goods fabricated metal product industry in Rhode Island. It is a key indicator of the state's industrial activity and economic health.
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: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Rhode Island statistic tracks the total number of workers employed in this manufacturing sub-sector within the state. It provides insights into the production capacity and labor demands of this important component of Rhode Island's economy.
Methodology
The data is collected through surveys of industrial establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, investors, and analysts to assess the performance of Rhode Island's manufacturing sector.
Key Facts
- Rhode Island's fabricated metal products manufacturing employs over 9,000 workers.
- This industry accounts for nearly 20% of the state's total manufacturing jobs.
- Employment in this sector has declined by 15% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the fabricated metal product manufacturing industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a key component of Rhode Island's manufacturing sector, which is a critical driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor this metric to assess the state of Rhode Island's manufacturing industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Rhode Island (SMU44000003133200001SA), retrieved from FRED.