Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Austria
Growth rate previous period
LFEM74MAATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.39
Year-over-Year Change
-122.93%
Date Range
4/1/1999 - 7/1/2023
Summary
The growth rate previous period measures the quarter-over-quarter percent change in employment levels for the manufacturing sector in the United States. This key economic indicator provides insights into the strength 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 tracks the pace of change in manufacturing employment, a crucial sector that influences overall economic growth and productivity. Economists and policymakers monitor this metric to assess the health of the U.S. manufacturing base and inform employment and industrial policies.
Methodology
The data is collected through surveys of U.S. businesses and calculated as the percent change in total manufacturing employment from the prior quarter.
Historical Context
The growth rate previous period helps inform Federal Reserve and government decisions on monetary and fiscal policies affecting the manufacturing sector.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Quarterly manufacturing employment growth averaged 0.5% from 2010-2020.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period measures the quarter-over-quarter percent change in total employment levels for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and trajectory of the domestic manufacturing industry, which is a key driver of overall economic growth and productivity.
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 total manufacturing employment from the prior quarter.
Q: How is this trend used in economic policy?
A: The growth rate previous period helps inform Federal Reserve and government decisions on monetary and fiscal policies affecting the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period (LFEM74MAATQ657S), retrieved from FRED.