Unemployment Rate - Durable Goods Industry, Private Wage and Salary Workers
LNU04032233 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
35.48%
Date Range
1/1/2000 - 7/1/2025
Summary
Measures unemployment rates for workers in the durable goods industry. Provides critical insights into manufacturing sector employment dynamics.
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
Tracks percentage of unemployed private wage and salary workers specifically in durable goods manufacturing. Indicates industrial sector health.
Methodology
Calculated through monthly household surveys by the Bureau of Labor Statistics.
Historical Context
Essential for understanding manufacturing employment trends and economic resilience.
Key Facts
- Reflects manufacturing sector employment
- Indicates industrial economic health
- Updated monthly by BLS
FAQs
Q: What are durable goods?
A: Products expected to last three years or more, like machinery, vehicles, and electronics.
Q: Why track durable goods industry unemployment?
A: Provides insights into manufacturing sector economic performance and workforce stability.
Q: How does this metric differ from general unemployment?
A: Focuses specifically on private wage workers in durable goods manufacturing, not entire economy.
Q: What impacts durable goods industry employment?
A: Economic cycles, technological changes, global trade, and industrial production levels affect employment.
Q: How frequently is this data collected?
A: Monthly data collection through comprehensive labor force surveys by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Unemployment Rate - Durable Goods Industry, Private Wage and Salary Workers (LNU04032233), retrieved from FRED.