Employment by Economic Activity: Manufacturing: All Persons for the European Union
Quarterly, Seasonally Adjusted
LFEAMNTTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,493,789.58
Year-over-Year Change
2.00%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the total employment in the U.S. manufacturing sector on a quarterly, seasonally adjusted basis. It provides crucial insights into the health and dynamics of the American manufacturing industry.
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 Quarterly, Seasonally Adjusted manufacturing employment series tracks the total number of people employed in the U.S. manufacturing sector. It is a widely followed indicator of the overall strength and competitiveness of American manufacturing.
Methodology
This data is collected and reported by the U.S. Bureau of Labor Statistics through its Current Employment Statistics survey.
Historical Context
Analysts and policymakers closely monitor this trend to assess the state of the manufacturing economy and inform policy decisions.
Key Facts
- U.S. manufacturing employed over 12.8 million people as of 2022.
- Manufacturing accounts for about 11% of total U.S. employment.
- The sector has seen a gradual decline in employment over the past decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the U.S. manufacturing sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing employment data provides crucial insights into the health and dynamics of the American industrial base, which is a key driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this manufacturing employment trend to assess the state of the U.S. industrial economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted manufacturing employment data is typically released with a 1-2 month lag from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFEAMNTTEUQ647S), retrieved from FRED.