Production or Nonsupervisory Employees: Manufacturing in Louisiana
Annual, Not Seasonally Adjusted
SMU22000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.80
Year-over-Year Change
-1.98%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted number of manufacturing employees in the United States. It provides important insights into labor market dynamics and industrial production.
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 manufacturing employment series tracks the total number of employees in the U.S. manufacturing sector on a yearly basis without adjusting for seasonal factors. This metric is a key indicator of the health and productivity of the domestic manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the manufacturing sector and its contribution to the broader economy.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for approximately 11% of total U.S. GDP.
- The annual, not seasonally adjusted number of manufacturing employees has fluctuated between 11 and 18 million over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted number of employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment trend is a key indicator of the health and productivity of the domestic manufacturing industry, which is an important driver of economic growth and industrial output.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted 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 its contribution to the broader economy, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted manufacturing employment data is published with a slight delay, as it is based on the monthly CES survey results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU22000003000000006A), retrieved from FRED.