All Employees: Durable Goods: Furniture and Related Product Manufacturing in Tennessee
SMU47000003133700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
3.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the furniture and related product manufacturing industry in Tennessee. It provides insight into the health and output of this important 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: Furniture and Related Product Manufacturing in Tennessee metric tracks the total employment in this specialized manufacturing subsector across the state. It is a key indicator of economic activity and production capacity in the furniture industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the competitive position and outlook for Tennessee's furniture manufacturing sector.
Key Facts
- Tennessee is a major center for furniture manufacturing.
- Furniture production accounts for over 10,000 jobs in the state.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the furniture and related product manufacturing industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output capacity of an important manufacturing sector in Tennessee, making it useful for economists, policymakers, and industry analysts.
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: This trend is used by economists and policymakers to assess the competitiveness and outlook for Tennessee's furniture manufacturing industry, which is a key part of the state's durable goods production.
Q: Are there update delays or limitations?
A: There may be some reporting lags, but this data is generally released on a timely monthly basis by the Bureau of Labor Statistics.
Related Trends
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Tennessee
TNAGRQQGSP
Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in Tennessee
TNINSCRAQGSP
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Tennessee
TNFRSTFISHRGSP
Average Weekly Hours of All Employees: Private Service Providing in Tennessee
SMU47000000800000002A
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Tennessee
TNPCELRPTSLSGSNPIS
Professional and Technical Services Earnings in Tennessee
TNEPRO
Citation
U.S. Federal Reserve, All Employees: Durable Goods: Furniture and Related Product Manufacturing in Tennessee (SMU47000003133700001A), retrieved from FRED.