Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Austria
Annual, Seasonally Adjusted
LREM64TTATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.08
Year-over-Year Change
3.71%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted employment level for the U.S. manufacturing sector. It provides insight into the overall health and labor demands of 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, seasonally adjusted manufacturing employment level is a key economic indicator that tracks the total number of people employed in the U.S. manufacturing sector. It is used by economists and policymakers to assess the strength and trajectory of the manufacturing industry.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Historical Context
Manufacturing employment is closely watched as it reflects broader economic conditions and can inform monetary and fiscal policy decisions.
Key Facts
- U.S. manufacturing employed over 12.8 million people in 2022.
- Manufacturing accounts for about 8% of total U.S. employment.
- Manufacturing employment has declined by 29% since its peak in 1979.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment level for the U.S. manufacturing sector, providing insight into the health and labor demands of the industry.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key economic indicator used by economists and policymakers to assess the strength and trajectory of the U.S. manufacturing industry, which has important implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Manufacturing employment is closely watched as it reflects broader economic conditions and can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM64TTATA156S), retrieved from FRED.