Employment for Manufacturing: Poultry Processing (NAICS 311615) in the United States
Thousands of Jobs
IPUEN311615W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
246.00
Year-over-Year Change
10.86%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' economic trend measures employment in the U.S. manufacturing sector. It is a key indicator of economic health and industrial activity.
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' metric tracks the total number of employees in U.S. manufacturing industries. It is an important barometer for monitoring the strength and trajectory of the manufacturing economy.
Methodology
This data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the overall performance of the U.S. manufacturing sector.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The U.S. has lost over 5 million manufacturing jobs since 2000.
- Manufacturing productivity has increased by over 50% since 1987.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' metric tracks the total number of employees in U.S. manufacturing industries, providing insight into the health of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing is a crucial component of the U.S. economy, and this employment data is a key indicator used by policymakers, economists, and market analysts to assess economic performance and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor manufacturing employment to gauge the strength of the industrial sector and inform economic policies, such as those related to trade, taxation, and workforce development.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Federal Reserve, with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUEN311615W200000000), retrieved from FRED.