Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Norway
Quarterly, Not Seasonally Adjusted
LREM55TTNOQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.80
Year-over-Year Change
-4.39%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the total non-seasonally adjusted employment for the manufacturing industry in the United States on a quarterly basis. It provides insight into the overall health and hiring trends in the manufacturing sector.
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 Quarterly, Not Seasonally Adjusted employment data for the U.S. manufacturing industry is a key indicator of production capacity and economic activity. It is used by economists and policymakers to analyze labor market trends and inform economic policy decisions.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to assess the strength of the manufacturing industry and its broader implications for the U.S. economy.
Key Facts
- The manufacturing industry accounts for approximately 11% of U.S. GDP.
- Manufacturing employment has declined from over 19 million jobs in the 1970s to around 12 million today.
- The COVID-19 pandemic led to a sharp drop in manufacturing employment in 2020, which has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total non-seasonally adjusted employment in the U.S. manufacturing industry on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and hiring trends of the manufacturing sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor this trend to assess the strength of the manufacturing industry and its broader implications for the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM55TTNOQ156N), retrieved from FRED.