All Employees: Trade, Transportation, and Utilities in Wisconsin
Annual, Not Seasonally Adjusted
SMU55000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
554.60
Year-over-Year Change
8.85%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures annual average employment levels in the U.S. manufacturing sector, providing insight into long-term production and labor market dynamics.
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
This series tracks the annual average of total employees in U.S. manufacturing industries, offering a high-level perspective on the size and health of the manufacturing labor force. It is a key economic indicator used by policymakers, analysts, and businesses to assess broader production and employment trends.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
Manufacturing employment is a closely watched metric that informs economic policy decisions and market analyses.
Key Facts
- U.S. manufacturing employed over 12.8 million workers in 2022.
- Manufacturing output accounts for about 11% of U.S. GDP.
- The sector lost over 2 million jobs during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the annual average number of employees in the U.S. manufacturing sector, providing a high-level view of production and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key economic indicator used by policymakers, businesses, and analysts to assess the health and performance of the U.S. industrial base and labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment figures inform a range of economic policy decisions, from trade and industrial policies to workforce development programs.
Q: Are there update delays or limitations?
A: The annual average data is released with a lag of several months, reflecting the time required to compile and validate the monthly survey responses.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU55000004000000001A), retrieved from FRED.