Monthly, Not Seasonally Adjusted
SMU53000004245200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.80
Year-over-Year Change
-5.42%
Date Range
1/1/1990 - 12/1/2022
Summary
This series measures the monthly unemployment rate in the U.S. for the manufacturing industry, not seasonally adjusted. It provides insights into employment dynamics in 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 monthly manufacturing unemployment rate tracks the percentage of the manufacturing labor force that is jobless, including those actively seeking work. This metric is closely watched by economists and policymakers as an indicator of the health of the manufacturing industry.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The manufacturing unemployment rate is a key input for monetary and fiscal policies aimed at supporting the broader economy.
Key Facts
- The manufacturing unemployment rate was 3.5% in January 2023.
- Unemployment in the manufacturing sector tends to be more volatile than the overall U.S. rate.
- The manufacturing industry accounts for approximately 11% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly unemployment rate in the U.S. manufacturing industry, without seasonal adjustments. It provides insights into employment dynamics in the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing unemployment rate is a key indicator of the health of the manufacturing industry and the broader economy. It is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The manufacturing unemployment rate is a crucial input for monetary and fiscal policies aimed at supporting the broader economy, particularly the manufacturing sector.
Q: Are there update delays or limitations?
A: The manufacturing unemployment rate data is released monthly, with a typical delay of a few weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU53000004245200001), retrieved from FRED.