All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Illinois
Annual, Not Seasonally Adjusted
SMU17000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.00
Year-over-Year Change
22.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment in the manufacturing sector in the United States. It is a key indicator of the overall health and performance 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, Not Seasonally Adjusted employment metric tracks the total number of manufacturing jobs in the U.S. on an annual basis, without adjusting for seasonal fluctuations. This provides a clear picture of long-term employment trends in the manufacturing sector, which is a critical component of the broader economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength and competitiveness of the U.S. manufacturing industry.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for approximately 11% of the U.S. GDP.
- The Annual, Not Seasonally Adjusted metric has shown a gradual decline in manufacturing employment since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of jobs in the U.S. manufacturing sector on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Annual, Not Seasonally Adjusted manufacturing employment metric is a key indicator of the health and competitiveness of the U.S. manufacturing industry, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of the manufacturing sector and inform policy decisions related to trade, investment, and workforce development.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted employment data is released with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000007071000001A), retrieved from FRED.