Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM25FEO1Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
40.98%
Date Range
4/1/2005 - 4/1/2017
Summary
This economic trend measures the quarterly growth rate of employment for the manufacturing sector, without seasonal adjustments. It provides important insights into the health and momentum of the U.S. manufacturing industry.
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, Quarterly, Not Seasonally Adjusted series tracks the quarter-over-quarter percent change in employment levels for the U.S. manufacturing sector. This helps economists and policymakers assess the current state and trajectory of the manufacturing industry, a key driver of the broader economy.
Methodology
The data is collected through surveys of U.S. businesses and calculated as the percent change in employment levels compared to the prior quarter.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the strength of the manufacturing sector and its implications for overall economic policy.
Key Facts
- The manufacturing sector accounts for about 11% of U.S. GDP.
- Manufacturing jobs pay 13% higher wages on average than other private-sector jobs.
- The U.S. has lost over 5 million manufacturing jobs since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in employment levels for the U.S. manufacturing sector, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing industry is a key driver of the broader economy, so this metric provides important insights into the health and momentum of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and calculated as the percent change in employment levels compared to the prior quarter.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to gauge the strength of the manufacturing sector and its implications for overall economic policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several weeks after the end of the reference period.
Related Trends
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OECDLFHU24TTSTSAM
Labor Compensation: Earnings: Manufacturing: Hourly for OECD
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Infra-Annual Labor Statistics: Labor Force Female: From 25 to 54 Years for OECD
OECDLFAC25FESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTQ
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total
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Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for OECD
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM25FEO1Q657N), retrieved from FRED.