All Employees: Manufacturing: Durable Goods: Miscellaneous Manufacturing in Rhode Island
SMU44000003133900001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.74
Year-over-Year Change
2.83%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the durable goods manufacturing sector in Rhode Island, a key indicator of industrial activity and economic health 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: Manufacturing: Durable Goods: Miscellaneous Manufacturing in Rhode Island data series tracks the monthly employment levels in this important manufacturing segment, providing insights into broader manufacturing trends and the state's economic performance.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the strength of Rhode Island's manufacturing industry and broader economic conditions.
Key Facts
- Rhode Island's manufacturing sector accounts for over 10% of the state's GDP.
- Durable goods manufacturing makes up about 60% of total manufacturing employment in the state.
- Employment in this sector has seen modest growth in recent years after a decline in the early 2010s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the durable goods manufacturing sector in the state of Rhode Island, providing insight into the strength of the state's industrial base.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and performance in Rhode Island, as the manufacturing industry is a significant driver of the state's 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 analysts use this metric to assess the health of Rhode Island's manufacturing sector and inform decisions related to economic development, workforce training, and industrial policy.
Q: Are there update delays or limitations?
A: The data is published with a typical one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Miscellaneous Manufacturing in Rhode Island (SMU44000003133900001SA), retrieved from FRED.