Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Luxembourg
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM24FELUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.26
Year-over-Year Change
-90.84%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the U.S. manufacturing sector. It provides valuable insights into the strength and dynamics of the manufacturing labor market.
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 percentage change in manufacturing employment compared to the same period in the previous year. This metric is widely used by economists and policymakers to assess the health and trajectory of the manufacturing industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly establishment survey.
Historical Context
This employment growth metric informs economic decision-making and helps shape policies affecting the manufacturing sector.
Key Facts
- The trend reached a high of 6.2% in 2021.
- Manufacturing employment accounts for around 8.5% of total U.S. employment.
- The COVID-19 pandemic caused a sharp decline in manufacturing employment growth in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in employment within the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment growth rate is a key indicator of the health and dynamics of the U.S. manufacturing industry, which is a vital component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly establishment survey.
Q: How is this trend used in economic policy?
A: This metric informs economic decision-making and helps shape policies affecting the manufacturing sector, which is an important driver of economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM24FELUA657N), retrieved from FRED.