Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Russia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM74MARUA657S • 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 economic trend measures the year-over-year growth rate of employment in the U.S. manufacturing sector. It is a key indicator of overall economic health and production capacity.
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, seasonally adjusted statistic tracks the change in total employment in the U.S. manufacturing industry compared to the same period in the prior year. This metric is widely used by economists and policymakers to assess the strength and trajectory of the domestic manufacturing sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this manufacturing employment growth trend to gauge the performance of the broader U.S. economy.
Key Facts
- Manufacturing accounts for about 11% of total U.S. employment.
- Manufacturing productivity has increased by over 60% since 2000.
- The U.S. is the world's second-largest manufacturer after China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in total employment within the U.S. manufacturing sector on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a crucial indicator of overall economic health and production capacity, making this trend highly relevant for economists, policymakers, and market analysts.
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 central banks closely monitor manufacturing employment growth to assess the strength of the broader economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The manufacturing employment growth data is released monthly with a typical delay of 1-2 weeks. The series is subject to periodic revisions as additional survey data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM74MARUA657S), retrieved from FRED.