Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Mississippi
Annual
SMU28000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
891.07
Year-over-Year Change
54.12%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the yearly average of seasonally adjusted employment in the manufacturing sector, providing insight into the overall health and productivity of the U.S. economy.
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 tracks the annual employment levels in the manufacturing industry, a key economic indicator that reflects business investment, consumer demand, and productivity. Analysts and policymakers use this data to assess the strength of the manufacturing sector and broader economic conditions.
Methodology
The data is collected through surveys of employers and calculated as a yearly average of the monthly seasonally adjusted manufacturing employment figures.
Historical Context
Manufacturing employment is a critical factor in economic and policy decisions, as it impacts consumer spending, business investment, and trade dynamics.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing productivity has increased by over 50% since the 1980s.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of seasonally adjusted employment in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and productivity, providing insight into business investment, consumer demand, and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as a yearly average of the monthly seasonally adjusted manufacturing employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the strength of the manufacturing sector and make informed decisions regarding economic and trade policies.
Q: Are there update delays or limitations?
A: The Annual manufacturing employment data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU28000004000000011A), retrieved from FRED.