Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Canada
Quarterly, Seasonally Adjusted
LREM55MACAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.43
Year-over-Year Change
0.16%
Date Range
1/1/1995 - 4/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the average weekly hours worked in the manufacturing sector, a key indicator of labor productivity and economic activity.
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
This economic indicator tracks the average weekly hours worked by manufacturing employees in the United States on a quarterly, seasonally adjusted basis. It provides valuable insights into labor market dynamics and the health of the manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the manufacturing sector and make informed decisions about economic and employment policies.
Key Facts
- The series has been tracked since 1964.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Average weekly hours worked is a leading indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the average weekly hours worked by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor productivity, industry demand, and the overall health of the manufacturing sector, which is a crucial component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the manufacturing sector and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREM55MACAQ156S), retrieved from FRED.