Employment Rate: Aged 25-54: All Persons for the European Union
Quarterly, Seasonally Adjusted
LREM25TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.31
Year-over-Year Change
2.91%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic indicator measures the ratio of employment in the manufacturing sector to total employment in the United States on a quarterly, seasonally adjusted basis. It provides insight into the relative strength of the manufacturing industry within the broader economy.
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 Manufacturing Employment to Total Employment Ratio tracks the share of the U.S. workforce employed in the manufacturing sector. This metric is used by economists and policymakers to assess the health and competitiveness of the domestic manufacturing industry over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through its Current Employment Statistics (CES) survey.
Historical Context
The Manufacturing Employment Ratio informs economic and industrial policy decisions aimed at supporting the U.S. manufacturing base.
Key Facts
- Manufacturing accounts for ~11% of total U.S. employment.
- The ratio declined from over 25% in the 1970s to under 15% today.
- The U.S. has lost over 5 million manufacturing jobs since 2000.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the ratio of employment in the manufacturing sector to total nonfarm employment in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Manufacturing Employment Ratio provides insight into the relative strength and competitiveness of the U.S. manufacturing industry over time, which is a key factor in economic and industrial policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Manufacturing Employment Ratio informs decisions around policies and programs aimed at supporting and strengthening the U.S. manufacturing sector, which is viewed as critical to economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Manufacturing Employment to Total Employment Ratio (LREM25TTEUQ156S), retrieved from FRED.