Civilian Labor Force in Missouri
Annual, Not Seasonally Adjusted
LAUST290000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,131,182.00
Year-over-Year Change
4.45%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total annual hours worked in the manufacturing industry in the United States. This metric provides insights into labor utilization and productivity in the manufacturing sector.
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 annual, not seasonally adjusted data series tracks the total number of hours worked by employees in the U.S. manufacturing industry over the course of a year. It serves as an important indicator of labor inputs and capacity utilization in the manufacturing economy.
Methodology
The data is collected through surveys of U.S. employers and businesses.
Historical Context
Policymakers and economists use this metric to assess the health and outlook of the manufacturing sector.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Total annual manufacturing hours worked peaked in 2018 at over 42 billion.
- The COVID-19 pandemic led to a significant decline in manufacturing hours in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual hours worked by employees in the U.S. manufacturing industry, providing insights into labor utilization and productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and outlook of the manufacturing sector, which is a critical component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employers and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of the manufacturing industry and inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a lag of several weeks to a few months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST290000000000006A), retrieved from FRED.