All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Rhode Island
SMU44000003133400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
5.88%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the computer and electronic product manufacturing industry in Rhode Island. It serves as an important indicator of economic activity and workforce dynamics in this key 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: Durable Goods: Computer and Electronic Product Manufacturing in Rhode Island metric measures the total number of workers employed in this specialized manufacturing industry within the state. This data point is useful for analyzing trends in production, investment, and labor market conditions in a crucial high-tech segment of the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts closely monitor this employment trend to gauge the health and competitiveness of Rhode Island's technology manufacturing base.
Key Facts
- Computer and electronic product manufacturing accounts for over 10% of Rhode Island's total durable goods employment.
- This industry has seen steady job growth in the state over the past decade.
- Rhode Island ranks among the top 10 states for concentration of computer and electronics manufacturing jobs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the computer and electronic product manufacturing industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the health and competitiveness of a key high-tech manufacturing sector in the Rhode Island economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this employment trend to gauge the strength of Rhode Island's technology manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the Federal Reserve, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Rhode Island (SMU44000003133400001A), retrieved from FRED.