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Growth rate previous period, Annual, Not Seasonally Adjusted

LFEM55FECZA657N • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

3.72

Year-over-Year Change

73.41%

Date Range

1/1/1999 - 1/1/2022

Summary

This economic trend measures the year-over-year growth rate of employment in the U.S. manufacturing sector. It provides important insights into the health and trajectory of the domestic 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, Annual, Not Seasonally Adjusted series tracks the annual percent change in manufacturing employment compared to the prior year. This metric is a key indicator of manufacturing sector performance and can inform economic policy decisions.

Methodology

The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.

Historical Context

Policymakers and analysts monitor this trend to assess the state of the manufacturing industry and its contribution to the broader U.S. economy.

Key Facts

  • Manufacturing accounts for approximately 11% of U.S. GDP.
  • The U.S. manufacturing sector employs over 12 million workers.
  • Manufacturing productivity has increased by over 50% since 2000.

FAQs

Q: What does this economic trend measure?

A: This trend measures the year-over-year percent change in employment in 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 performance of the U.S. manufacturing industry, which is a critical component of the broader economy.

Q: How is this data collected or calculated?

A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.

Q: How is this trend used in economic policy?

A: Policymakers and analysts monitor this trend to assess the state of the manufacturing industry and inform decisions related to economic, trade, and labor market policies.

Q: Are there update delays or limitations?

A: The data is released monthly with a typical lag of one to two months.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55FECZA657N), retrieved from FRED.