All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Washington
Annual, Not Seasonally Adjusted
SMU53000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
24.31%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the total employment levels in the Nondurable Goods Manufacturing industry in the United States. This metric is closely watched by economists and policymakers to gauge the overall health and productivity of the manufacturing sector.
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 trend represents the total number of employees working in the Nondurable Goods Manufacturing industry, which includes industries like food processing, textile mills, and chemical production. This data is used to analyze long-term employment trends and productivity in the U.S. manufacturing economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to inform decisions around economic and trade policies affecting the manufacturing industry.
Key Facts
- The Nondurable Goods Manufacturing industry accounts for over 10% of total U.S. employment.
- Employment in this sector has declined by over 30% since the early 2000s.
- Food manufacturing is the largest subsector, making up nearly 40% of nondurable goods jobs.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures total employment levels in the Nondurable Goods Manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to gauge the overall health and productivity of the U.S. manufacturing sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business 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 inform decisions around economic and trade policies affecting the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent employment conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU53000004244400001A), retrieved from FRED.