Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Norway
Growth rate previous period, Not Seasonally Adjusted
LFEM74MANOA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.98
Year-over-Year Change
610.05%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic trend measures the growth rate of employment in the manufacturing sector compared to the previous period, without seasonal adjustments. It provides insight into the underlying strength of the 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 Growth Rate Previous Period, Not Seasonally Adjusted metric tracks the month-over-month change in manufacturing employment. This helps economists and policymakers assess the health and momentum of the manufacturing sector, which is a crucial component of the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by analysts and policymakers to gauge the performance of the manufacturing industry and guide economic decision-making.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Manufacturing employment has declined from a peak of 19.5 million jobs in 1979 to around 12.8 million in 2022.
- The U.S. has lost over 5 million manufacturing jobs since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in employment in the U.S. manufacturing sector, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of manufacturing employment is a key indicator of the sector's performance and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the manufacturing industry and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Not Seasonally Adjusted (LFEM74MANOA657N), retrieved from FRED.