Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for G7
Seasonally Adjusted
G7LFUN55MASTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,175,118.00
Year-over-Year Change
-8.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Seasonally Adjusted' economic indicator measures the level of employment in the manufacturing sector, adjusted for typical seasonal variations. This metric provides a clearer picture of underlying employment trends for policymakers and analysts.
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 Seasonally Adjusted manufacturing employment series removes regular seasonal fluctuations, allowing for more meaningful analysis of labor market changes over time. It is a key indicator of the health and direction of the U.S. manufacturing economy.
Methodology
The data is collected through surveys of manufacturing establishments and adjusted using statistical methods to account for expected seasonal patterns.
Historical Context
This metric is closely watched by the Federal Reserve and other policymakers to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Manufacturing jobs pay 13% higher wages on average than other sectors.
- The U.S. manufacturing sector has seen steady job growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted manufacturing employment series measures the level of employment in the U.S. manufacturing sector, with regular seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer picture of underlying employment trends in manufacturing, a key sector for the U.S. economy. It is closely watched by policymakers and economists to assess the health of the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and adjusted using statistical methods to account for expected seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted manufacturing employment series is a key indicator monitored by the Federal Reserve and other policymakers to evaluate the strength of the manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with a typical lag of several weeks. There may be revisions to prior months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (G7LFUN55MASTSAQ), retrieved from FRED.