Annual, Not Seasonally Adjusted
This dataset tracks annual, not seasonally adjusted over time.
Latest Value
71.70
Year-over-Year Change
24.91%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted level of employment in the U.S. manufacturing sector. It provides insight into long-term employment patterns and workforce dynamics in the manufacturing industry.
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 Annual, Not Seasonally Adjusted employment level in the U.S. manufacturing sector is a key indicator used by economists and policymakers to analyze labor market trends and the health of the manufacturing industry. It represents the total number of individuals employed in manufacturing, without adjustments for seasonal variations.
Methodology
The data is collected through household and business surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to assess the overall strength of the U.S. economy.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for about 11% of total U.S. employment.
- Employment in the sector has declined since the 1970s due to automation and offshoring.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted level of employment in the U.S. manufacturing sector, providing insight into long-term employment patterns in the industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to assess the health of the U.S. manufacturing industry and the overall strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this trend to evaluate the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55TTFIA156N), retrieved from FRED.