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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.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM24FEEEA657N), retrieved from FRED.