Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
LCEAMN01O1Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.72
Year-over-Year Change
9.03%
Date Range
1/1/1990 - 4/1/2017
Summary
This economic indicator measures the year-over-year growth rate of employment in the manufacturing sector on a quarterly basis, adjusted for seasonal variations.
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 manufacturing employment growth rate is a key metric for evaluating the health and performance of the U.S. manufacturing industry. It provides insight into production, investment, and labor market trends that are important for economic policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Historical Context
Manufacturing employment growth is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for around 11% of total U.S. employment.
- The sector has seen volatile growth in the past decade.
- Positive employment growth signals an expanding manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in manufacturing employment on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key signal of production, investment, and labor market activity in a critical 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' monthly establishment survey and then calculated as a year-over-year quarterly growth rate.
Q: How is this trend used in economic policy?
A: Manufacturing employment growth is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, fiscal stimulus, and other economic interventions.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (LCEAMN01O1Q659S), retrieved from FRED.