Employed Persons in Washington
Annual, Not Seasonally Adjusted
LAUST530000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,878,215.00
Year-over-Year Change
21.71%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the total employment level in the U.S. manufacturing sector. It is a key indicator of the overall health and production capacity of the national 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
This data series tracks the total number of people employed in U.S. manufacturing industries on an annual basis, without adjusting for seasonal variations. It provides insights into long-term employment trends and labor market dynamics in the manufacturing sector.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
Manufacturers, policymakers, and analysts use this trend to assess economic conditions and inform decisions around production, investment, and labor market policies.
Key Facts
- U.S. manufacturing employed over 12.8 million people in 2022.
- Manufacturing accounts for about 8% of total U.S. employment.
- Employment in the sector has declined by over 30% since the 1970s.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total level of employment in the U.S. manufacturing sector on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the long-term health and productivity of the U.S. manufacturing industry, which is a critical component of the national economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess economic conditions, inform investment and production decisions, and develop policies related to the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, and may not capture short-term fluctuations in employment.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST530000000000005A), retrieved from FRED.