Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Nebraska
Annual, Not Seasonally Adjusted
SMU31000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
-6.76%
Date Range
1/1/2001 - 1/1/2024
Summary
This series measures annual employment in the U.S. manufacturing sector. It provides important insights into the health and trends of the overall 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
The Annual, Not Seasonally Adjusted employment series tracks the total number of manufacturing jobs in the United States on a yearly basis. It is a key economic indicator used by policymakers, analysts, and businesses to understand broader labor market and industrial production patterns.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment levels serve as a barometer for the strength of the U.S. economy and help inform monetary and fiscal policy decisions.
Key Facts
- U.S. manufacturing employed over 12.8 million workers in 2022.
- Manufacturing accounts for 8.5% of total U.S. employment.
- Annual manufacturing jobs have increased by 4.1% since 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of manufacturing jobs in the United States on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and industrial production, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use manufacturing employment data to gauge the strength of the U.S. economy and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted manufacturing employment data is released with a slight delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU31000003100000006A), retrieved from FRED.