Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Norway
Growth rate previous period, Not Seasonally Adjusted
LFEM74MANOQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.07
Year-over-Year Change
205.20%
Date Range
4/1/2000 - 7/1/2023
Summary
This economic trend measures the month-over-month growth rate of employment in the manufacturing sector, without seasonal adjustments. It provides insight into the strength and direction of the manufacturing labor market.
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 series tracks the monthly percentage change in manufacturing employment. This metric is widely used by economists and policymakers to gauge the underlying momentum of the manufacturing industry.
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 monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- The sector employs over 12 million workers nationwide.
- Growth in manufacturing employment signals broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percentage change in manufacturing employment, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely indicator of the strength and direction of the manufacturing labor market, which is a key driver of overall economic performance.
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: The Federal Reserve and other policymakers closely monitor this trend to assess the health of the manufacturing sector and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Not Seasonally Adjusted (LFEM74MANOQ657N), retrieved from FRED.