Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Russia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM74MARUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.91
Year-over-Year Change
-164.02%
Date Range
1/1/1993 - 1/1/2021
Summary
This trend measures the year-over-year growth rate of employment in the manufacturing sector, providing insights into the health and dynamics of the U.S. 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, Annual, Not Seasonally Adjusted series tracks the annual percentage change in manufacturing employment, offering a valuable indicator of economic conditions and industry performance.
Methodology
The data is collected through surveys of U.S. employers and calculated as the year-over-year percent change in total manufacturing jobs.
Historical Context
This metric is closely watched by policymakers, economists, and investors to gauge the strength of the manufacturing industry and broader economic trends.
Key Facts
- Manufacturing accounts for over 10% of U.S. GDP.
- The sector employs approximately 12 million workers.
- Robust manufacturing growth is a sign of broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in manufacturing employment, providing insights into the strength and dynamics of the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and industry performance, making this trend highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employers and calculated as the year-over-year percent change in total manufacturing jobs.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers to gauge the strength of the manufacturing industry and inform decisions related to economic stimulus, trade policy, and workforce development.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months, and it does not account for seasonal variations in employment.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM74MARUA657N), retrieved from FRED.