Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Ireland
Monthly, Not Seasonally Adjusted
LFHUADTTIEM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,000.00
Year-over-Year Change
0.00%
Date Range
1/1/1983 - 11/1/2023
Summary
The 'Monthly, Not Seasonally Adjusted' economic trend measures the total number of hours worked per month by employees in the manufacturing sector. This metric provides insight into productivity and labor utilization.
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 trend represents the total number of hours worked by manufacturing employees in the United States, without adjusting for seasonal factors. It is a key indicator of labor input and capacity utilization in the industrial sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing hours worked is closely watched by economists and policymakers to gauge the health of the industrial economy.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- Total manufacturing hours peaked in 2018 at over 41 billion per month.
- The pandemic caused a sharp decline in manufacturing hours in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' trend measures the total number of hours worked per month by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into productivity, labor utilization, and the overall health of the industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing hours worked is closely watched by economists and policymakers to gauge the strength of the industrial sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFHUADTTIEM647N), retrieved from FRED.