Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Norway
Persons, Seasonally Adjusted
LFEM74MANOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,521,925.00
Year-over-Year Change
11.84%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Persons, Seasonally Adjusted' indicator tracks the number of employed manufacturing workers in the United States on a monthly basis. This metric is a key barometer of the health and productivity 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 series represents the total number of persons employed in the manufacturing industry, adjusted for seasonal variations. It is a widely-used indicator of manufacturing output and labor market trends that informs economic policymaking and investment decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturers, analysts, and policymakers closely monitor this indicator to gauge the strength of the domestic industrial base and its implications for the broader economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. has over 12 million manufacturing workers.
- Manufacturing productivity has increased by over 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of workers employed in the U.S. manufacturing sector on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a crucial barometer of industrial activity and a key driver of overall economic performance, making this indicator closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing employment are closely monitored by the Federal Reserve and other policymakers to assess the health of the industrial sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Persons, Seasonally Adjusted (LFEM74MANOA647S), retrieved from FRED.