All Employees: Retail Trade in Utah
Annual, Not Seasonally Adjusted
SMU49000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.10
Year-over-Year Change
24.98%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures annual employment, not seasonally adjusted, in the U.S. manufacturing sector. It provides valuable insights into long-term employment trends and the overall health 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
The Annual, Not Seasonally Adjusted employment series tracks the total number of manufacturing jobs in the United States on an annual basis, without adjustments for seasonal variations. This metric is widely used by economists and policymakers to analyze the strength and resilience of the manufacturing sector over time.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing employment are closely watched by investors, analysts, and policymakers as indicators of the broader economic climate.
Key Facts
- The U.S. manufacturing sector employed over 12.8 million workers in 2021.
- Manufacturing accounts for approximately 10% of total U.S. employment.
- Manufacturing employment has declined by over 30% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of manufacturing jobs in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing employment are closely watched as indicators of the overall health and competitiveness of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The data is collected through 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 this metric to assess the effectiveness of economic policies and their impact on the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, reflecting the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000004200000001A), retrieved from FRED.