Employment for Other Services (Except Public Administration): Commercial Machinery Repair and Maintenance (NAICS 8113) in the United States
Thousands of Jobs
IPUUN8113W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
293.10
Year-over-Year Change
17.76%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures the total number of jobs in the U.S. manufacturing sector. It is a key economic indicator used by policymakers and analysts to gauge the health and growth of the U.S. economy.
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 'Thousands of Jobs' series tracks the total number of non-farm payroll jobs in the manufacturing industry, a critical component of the U.S. economy. This metric provides insight into production, output, and labor market conditions within the manufacturing sector.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
The 'Thousands of Jobs' trend is widely used by the Federal Reserve, economists, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- The manufacturing sector accounts for approximately 12% of total U.S. employment.
- Manufacturing job levels are a key indicator of economic growth and competitiveness.
- The 'Thousands of Jobs' trend has shown a steady decline in U.S. manufacturing employment over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of non-farm payroll jobs in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a critical component of the U.S. economy, and the 'Thousands of Jobs' trend provides valuable insight into production, output, and labor market conditions within this industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Thousands of Jobs' trend is widely used by the Federal Reserve, economists, and market analysts to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly by the Bureau of Labor Statistics, with a typical delay of one to two weeks.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUUN8113W200000000), retrieved from FRED.