Gross Domestic Product: Management of Companies and Enterprises (55) in Illinois
Annual, Not Seasonally Adjusted
ILMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,095.80
Year-over-Year Change
6.41%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' data series measures manufacturing employment at US non-durable goods establishments. This key economic indicator provides insights into the strength and resilience of the US 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
This data series tracks the number of employees at manufacturing establishments that produce non-durable goods such as food, clothing, and chemicals. It is a critical measure of the overall health of the US manufacturing industry and is closely monitored by economists, policymakers, and industry analysts.
Methodology
The data is collected through monthly surveys of US business establishments by the Bureau of Labor Statistics.
Historical Context
The manufacturing employment trend is widely used to assess the performance of the broader economy and to inform policy decisions.
Key Facts
- Manufacturing accounts for over 11% of US GDP.
- US manufacturing productivity has increased by over 50% since 2000.
- The sector employs over 12 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This data series measures the number of employees at US manufacturing establishments that produce non-durable goods such as food, clothing, and chemicals.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment trend is a key indicator of the overall health and performance of the US manufacturing sector, which is a critical driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of US business establishments conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor manufacturing employment trends to assess the strength of the broader economy and to inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ILMNGCOENTPRNGSP), retrieved from FRED.