Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Hungary
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM55MAHUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-27.97%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic indicator measures the quarter-over-quarter growth rate of employment in the U.S. manufacturing sector. It provides insight into the strength and direction of the labor market, which is a key factor in assessing economic conditions.
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 metric tracks the percentage change in manufacturing employment compared to the prior quarter. It offers a timely snapshot of employment trends in this crucial industrial sector, which is closely watched by economists and policymakers.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to gauge the health of the manufacturing industry and can inform economic and monetary policy decisions.
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 2% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter growth rate of employment in the U.S. manufacturing sector, providing insight into labor market conditions in this key industry.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment growth rate is a crucial indicator for assessing the health of the U.S. economy, as the manufacturing sector is a significant contributor to GDP and a barometer of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the strength of the manufacturing industry and inform decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical one-month lag between the end of the reference quarter and the data publication.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM55MAHUQ657N), retrieved from FRED.