Employment for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
Thousands of Jobs
IPUIN481W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
563.20
Year-over-Year Change
32.05%
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, providing key insights into economic health and labor market conditions.
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 data series tracks the total number of jobs in the manufacturing industry, which is a crucial indicator of overall economic activity and the strength of the labor market. Economists and policymakers closely monitor this metric to understand trends in industrial production, business investment, and employment.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Thousands of Jobs' trend is widely used by analysts, policymakers, and investors to assess the state of the U.S. economy and inform economic decision-making.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing job growth is a key indicator of economic expansion.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' trend measures the total number of jobs in the U.S. manufacturing sector, providing insights into the health of the industrial economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors as a barometer of overall economic activity, business investment, and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this trend to assess the state of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is published monthly with a relatively short lag, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Thousands of Jobs (IPUIN481W200000000), retrieved from FRED.