Unemployment Rate - Manufacturing Industry, Private Wage and Salary Workers
LNU04032232 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
16.67%
Date Range
1/1/2000 - 7/1/2025
Summary
This metric tracks unemployment specifically within the manufacturing industry for private wage and salary workers. It provides critical insights into manufacturing sector employment trends.
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 series measures joblessness among private manufacturing workers, reflecting industrial labor market health. It helps economists understand sector-specific employment dynamics.
Methodology
Calculated through monthly household surveys and establishment employment reports.
Historical Context
Crucial for analyzing manufacturing sector economic performance and labor market conditions.
Key Facts
- Specific to private manufacturing workers
- Indicates industrial sector labor market health
- Helps predict economic manufacturing trends
FAQs
Q: What does this unemployment rate measure?
A: It measures joblessness among private manufacturing wage and salary workers nationwide.
Q: Why is manufacturing unemployment important?
A: Manufacturing employment reflects broader industrial economic performance and economic cycles.
Q: How frequently is this data updated?
A: Monthly updates provide current manufacturing employment landscape.
Q: Can this data predict economic trends?
A: Manufacturing unemployment can signal broader economic shifts and industrial sector health.
Q: What are potential data limitations?
A: Represents only private manufacturing workers, excluding government and self-employed sectors.
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Citation
U.S. Federal Reserve, Unemployment Rate - Manufacturing Industry (LNU04032232), retrieved from FRED.