Monthly, Seasonally Adjusted
SMU23000004245200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.71
Year-over-Year Change
-2.22%
Date Range
1/1/1990 - 12/1/2022
Summary
The Monthly, Seasonally Adjusted series measures employment levels in the manufacturing sector of the U.S. economy. This indicator is widely used by economists and policymakers to assess 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
This series represents the total number of employees in the manufacturing sector, adjusted for seasonal variations. It provides a reliable snapshot of the current state of the U.S. manufacturing industry and is a key input for economic analysis and decision-making.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength of the manufacturing sector and its impact on the broader economy.
Key Facts
- The manufacturing sector accounts for over 11% of U.S. GDP.
- Manufacturing employment levels have fluctuated significantly in recent decades.
- Changes in this trend can signal broader shifts in the U.S. economic landscape.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the U.S. manufacturing sector, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of the overall health and performance of the U.S. economy, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to assess the strength of the manufacturing sector and its impact on the broader economy, informing policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of around one month. There are no major known limitations, though the survey-based nature of the data may introduce some inherent uncertainties.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU23000004245200001SA), retrieved from FRED.