Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Estonia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM24FEEEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.07
Year-over-Year Change
-278.82%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the U.S. manufacturing sector. It provides insights into the health and momentum of the manufacturing industry, a key driver of economic 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 growth rate previous period, annual, not seasonally adjusted trend tracks the change in manufacturing employment levels compared to the same period a year earlier. It offers an unbiased view of employment trends by excluding seasonal fluctuations.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the state of the manufacturing sector and its broader implications for the U.S. economy.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The growth rate of manufacturing employment can signal broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of employment in the U.S. manufacturing sector, providing insights into the health and momentum of the manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a key driver of economic activity, and this trend is closely monitored by policymakers, economists, and market analysts to assess the state of the manufacturing industry and its broader implications for the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to evaluate the health of the manufacturing sector and its potential impact on the broader economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, typically a few weeks after the end of the reference period. There may be revisions to the data as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM24FEEEA657N), retrieved from FRED.