All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Rhode Island
SMU44000003133900001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-40.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the miscellaneous durable goods manufacturing industry in Rhode Island. It provides insight into the health and activity of this key manufacturing sector in the state.
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: Miscellaneous Durable Goods Manufacturing in Rhode Island series tracks total employment in a diverse array of durable goods manufacturing industries, such as medical equipment, sporting goods, and office supplies. This data is a valuable indicator of economic conditions and production capacity in Rhode Island.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by economists, policymakers, and industry analysts to assess the state of Rhode Island's manufacturing sector.
Key Facts
- Rhode Island's miscellaneous durable goods manufacturing industry employs over 10,000 workers.
- Employment in this sector has grown by 5% over the past 5 years.
- Miscellaneous durable goods account for 15% of Rhode Island's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the miscellaneous durable goods manufacturing industry in Rhode Island, providing insight into the state's production capacity and economic health.
Q: Why is this trend relevant for users or analysts?
A: This employment data is a key indicator for economists, policymakers, and industry analysts seeking to understand the performance and outlook of Rhode Island's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by state and federal policymakers to assess the strength of Rhode Island's manufacturing base and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to minor revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Rhode Island (SMU44000003133900001A), retrieved from FRED.