Annual, Not Seasonally Adjusted
AUTEMPMALADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,227.83
Year-over-Year Change
5.68%
Date Range
1/1/1969 - 1/1/2011
Summary
The Annual, Not Seasonally Adjusted series measures total employment in the automobile manufacturing industry in the United States. This metric is crucial for understanding the health and trends of the automotive sector, a key driver of the US economy.
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 Automobile Manufacturing Employment series tracks the total number of workers employed in the production of automobiles and related parts and equipment. It provides insight into the scale and workforce dynamics of this pivotal manufacturing industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Automobile manufacturing employment is closely monitored by policymakers, industry analysts, and economic forecasters.
Key Facts
- Automobile manufacturing employs over 900,000 workers in the US.
- Employment in this sector fell sharply during the 2008-2009 recession.
- The US is the second-largest automobile producer in the world after China.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures total employment in the automobile manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health and workforce dynamics of the US automotive sector, a key driver of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Automobile manufacturing employment is closely monitored by policymakers, industry analysts, and economic forecasters.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a lag compared to real-time employment figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AUTEMPMALADSMEI), retrieved from FRED.