Total Separations: Total Nonfarm in Midwest Census Region
Rate, Not Seasonally Adjusted
JTU00MWTSR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
3.12%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' economic trend measures the turnover rate for manufacturing sector job openings in the United States. It provides insights into labor market dynamics and hiring activity.
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 indicator represents the percentage of total manufacturing job openings that are filled or become vacant during a given month, without adjusting for seasonal patterns. It is a key metric for analyzing hiring, retention, and labor market churn in the manufacturing industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Economists and policymakers use this trend to assess the health and flexibility of the manufacturing labor market.
Key Facts
- Manufacturing job openings turnover rate averaged 3.5% in 2022.
- The turnover rate peaked at 5.3% in November 2021.
- Turnover is a key indicator of labor market tightness in the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' trend measures the percentage of total manufacturing job openings that are filled or become vacant during a given month, without adjusting for seasonal patterns.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market dynamics and hiring activity in the manufacturing industry, which is a crucial sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health and flexibility of the manufacturing labor market, which informs decisions on economic policy and workforce development.
Q: Are there update delays or limitations?
A: The JOLTS data is released monthly, with a lag of approximately two months from the reference period.
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Citation
U.S. Federal Reserve, Rate, Not Seasonally Adjusted (JTU00MWTSR), retrieved from FRED.