Employment for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
Thousands of Jobs
IPUCN2213W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.10
Year-over-Year Change
30.46%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' trend measures the total number of jobs in the U.S. manufacturing sector. This key economic indicator provides insight into the overall health and productivity of the American manufacturing industry.
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 'Thousands of Jobs' series tracks the total employment level in the U.S. manufacturing sector. Economists and policymakers closely monitor this metric to gauge the strength of the domestic manufacturing base and identify trends that may signal broader economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Fluctuations in manufacturing employment are closely watched by the Federal Reserve and other institutions for their implications on monetary and fiscal policy decisions.
Key Facts
- U.S. manufacturing employed over 12.8 million workers as of 2022.
- Manufacturing accounts for approximately 8% of total U.S. employment.
- The sector experienced a sharp decline during the COVID-19 pandemic but has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of people employed in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a crucial indicator of the health and productivity of the U.S. industrial base, providing insights into broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Fluctuations in manufacturing employment are closely monitored by the Federal Reserve and other institutions for their implications on monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The manufacturing employment data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUCN2213W200000000), retrieved from FRED.