Quarterly, Seasonally Adjusted
LREMTTFEO1Q156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.80
Year-over-Year Change
2.95%
Date Range
1/1/2005 - 4/1/2017
Summary
The Quarterly, Seasonally Adjusted series measures the total employment in the U.S. manufacturing sector. This metric is a key indicator of economic health and production capacity.
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 seasonally adjusted data represents the total number of employees on nonfarm payrolls in the manufacturing industry. It is a widely followed economic indicator used by policymakers, analysts, and businesses to gauge the strength of the manufacturing sector.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment is closely watched by the Federal Reserve and other economic policymakers for insights on the broader economy.
Key Facts
- Manufacturing accounts for 11.4% of total U.S. employment.
- Manufacturing productivity has increased by over 50% since 2000.
- The U.S. is the world's 2nd largest manufacturer, after China.
FAQs
Q: What does this economic trend measure?
A: This series measures total employment in the U.S. manufacturing sector on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and production capacity, closely watched by policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment data is used by the Federal Reserve and other policymakers to gauge the strength of the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, providing timely insights on the manufacturing sector.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREMTTFEO1Q156S), retrieved from FRED.