Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Utah
SMU49000003100000006 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.70
Year-over-Year Change
-3.33%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the number of production or nonsupervisory employees in the durable goods manufacturing sector in the state of Utah. It provides valuable insights into the health and dynamics of Utah's manufacturing industry.
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 number of production or nonsupervisory employees in manufacturing is a key indicator of economic activity and labor market conditions. This data series focuses specifically on the durable goods manufacturing sector in Utah, which includes industries such as machinery, electronics, and transportation equipment production.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and industry analysts to assess the performance and outlook of Utah's manufacturing sector.
Key Facts
- Utah's durable goods manufacturing accounts for over 20% of the state's total employment.
- The sector experienced a 5% decline in employment during the COVID-19 pandemic.
- Durable goods manufacturing is a key driver of Utah's economic growth and diversification.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the durable goods manufacturing sector within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and dynamics of Utah's manufacturing industry, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, economists, and industry analysts to assess the performance and outlook of Utah's manufacturing sector and inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical update delay of one to two months.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Utah (SMU49000003100000006), retrieved from FRED.