Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Luxembourg
Monthly, Seasonally Adjusted
LCEAMN01LUM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.15
Year-over-Year Change
-1.82%
Date Range
1/1/1980 - 9/1/2024
Summary
This economic trend measures monthly manufacturing employment levels in the U.S., adjusted for seasonal variations. It provides important insights into the health and dynamics of the 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
The Monthly, Seasonally Adjusted manufacturing employment series tracks the number of people employed in U.S. manufacturing industries on a monthly basis. This data is widely used by economists and policymakers to assess the strength and trends within the manufacturing economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment is a key indicator of economic activity and is closely monitored by the Federal Reserve and other institutions.
Key Facts
- U.S. manufacturing employment peaked in 1979 at 19.4 million jobs.
- Manufacturing currently accounts for about 11% of total U.S. employment.
- The COVID-19 pandemic led to a sharp decline in manufacturing jobs in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of employment in the U.S. manufacturing sector, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and activity, providing insights into the strength of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment data is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LCEAMN01LUM661S), retrieved from FRED.