Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Hungary
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM74TTHUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
-353.22%
Date Range
1/1/2000 - 1/1/2022
Summary
This annual, not seasonally adjusted metric measures the year-over-year growth rate of employment in the U.S. manufacturing sector. 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, annual, not seasonally adjusted series tracks the percent change in manufacturing employment compared to the same period in the prior year. This indicator is used by economists and policymakers to gauge the health and momentum of the manufacturing industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This metric informs economic and labor market analysis, as well as manufacturing and industrial policy decisions.
Key Facts
- Manufacturing accounts for ~11% of U.S. GDP.
- The sector employs over 12 million workers.
- Manufacturing productivity has grown over 2.5x since 1987.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in manufacturing employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment growth rate provides valuable insights into the strength and direction of the manufacturing labor market, which is a key indicator of overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This metric informs economic and labor market analysis, as well as manufacturing and industrial policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM74TTHUA657N), retrieved from FRED.