Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Switzerland
Annual, Not Seasonally Adjusted
LREM24MACHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.43
Year-over-Year Change
-2.38%
Date Range
1/1/2005 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual rate of unemployment for the manufacturing sector in the United States. This metric is crucial for policymakers and analysts to understand broader employment trends.
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
This series tracks the percentage of the manufacturing labor force that is unemployed on an annual basis, without adjusting for seasonal variations. It provides important insight into the health and stability of the U.S. manufacturing industry.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to inform decisions around employment, economic stimulus, and industry support.
Key Facts
- The annual manufacturing unemployment rate averaged 3.3% from 2010-2019.
- In 2020, the annual manufacturing unemployment rate peaked at 6.1% due to the COVID-19 pandemic.
- The manufacturing sector accounts for approximately 8% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate for the manufacturing sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the health and stability of the U.S. manufacturing industry, which is a key driver of economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions around employment, economic stimulus, and industry support.
Q: Are there update delays or limitations?
A: The data is released monthly, with a slight delay, and may be subject to revision as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24MACHA156N), retrieved from FRED.