Average Weekly Earnings of All Employees: Manufacturing in Rhode Island
Monthly
SMU44000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,372.41
Year-over-Year Change
6.19%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the total number of employees on nonfarm payrolls in the United States. This key indicator provides insight into the overall health and growth of the U.S. labor market.
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 'Monthly' trend represents the seasonally adjusted number of people employed in the private and public sectors, excluding farm workers, private household employees, and nonprofit organizations. It is widely used by economists, policymakers, and analysts to assess economic conditions and inform decision-making.
Methodology
The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Monthly' employment figures are closely monitored by the Federal Reserve and other institutions to evaluate the strength of the economy and guide monetary and fiscal policy decisions.
Key Facts
- The U.S. economy added 263,000 jobs in November 2022.
- The unemployment rate was 3.7% in November 2022.
- Job growth has remained strong despite economic headwinds.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the total number of employees on nonfarm payrolls in the United States, providing insight into the overall health and growth of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' employment figures are a crucial economic indicator used by policymakers, economists, and market analysts to assess the strength of the U.S. economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Monthly' employment figures are closely monitored by the Federal Reserve and other institutions to evaluate the strength of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The 'Monthly' employment data is released by the U.S. Bureau of Labor Statistics on a monthly basis, with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Monthly (SMU44000003000000011), retrieved from FRED.