Monthly, Seasonally Adjusted
SWELFTOTMDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,017.92
Year-over-Year Change
0.01%
Date Range
1/1/1970 - 4/1/2012
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures total manufacturing employment in the United States. This metric is a key indicator of the health and growth of the U.S. 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
This data series tracks the total number of employees working in the manufacturing industry in the United States on a monthly basis, with seasonal adjustments to account for periodic variations. It is a closely watched economic indicator used by policymakers, economists, and market analysts.
Methodology
The data is collected through surveys of manufacturing establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment is a critical variable for assessing the strength of the U.S. economy and informing economic and policy decisions.
Key Facts
- U.S. manufacturing employed over 12.8 million workers as of 2022.
- Manufacturing is responsible for 11.3% of total U.S. economic output.
- The U.S. manufacturing sector has experienced steady growth since the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the manufacturing industry in the United States on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a critical economic indicator used by policymakers, economists, and market analysts to assess the health and growth of the U.S. manufacturing sector and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment data is used by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions, as well as by private-sector analysts to evaluate market conditions and make investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of around one month between the reference period and the release date.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SWELFTOTMDSMEI), retrieved from FRED.