Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Estonia
Annual, Not Seasonally Adjusted
LRHU24TTEEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.34
Year-over-Year Change
-7.38%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the U.S. manufacturing sector. It provides insight into the overall health and labor dynamics of the 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 Annual, Not Seasonally Adjusted employment level represents the total number of workers employed in the U.S. manufacturing sector over a 12-month period without adjustments for seasonal variations. This data is used by economists and policymakers to analyze long-term trends in manufacturing employment.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely tracked to gauge the strength and direction of the U.S. manufacturing economy.
Key Facts
- U.S. manufacturing employed over 12 million workers in 2022.
- Manufacturing accounts for about 11% of total U.S. employment.
- The sector experienced job losses during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual employment level in the U.S. manufacturing sector without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the overall health and labor dynamics of the U.S. manufacturing industry, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the strength of the manufacturing sector and inform decisions related to economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24TTEEA156N), retrieved from FRED.