Growth Rate Previous Period, Annual, Not Seasonally Adjusted
MANMNM01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-21.75%
Date Range
1/1/1995 - 1/1/2010
Summary
The 'Growth Rate Previous Period, Annual, Not Seasonally Adjusted' metric measures the year-over-year change in manufacturing employment. It provides insights into the health and momentum of the U.S. manufacturing sector.
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 annual percentage change in the number of manufacturing jobs in the United States. It is a closely watched gauge of manufacturing activity and a leading indicator of broader economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics from monthly establishment surveys.
Historical Context
Policymakers and analysts use this metric to assess the state of the manufacturing industry and its contribution to the overall economy.
Key Facts
- The series is not seasonally adjusted.
- Manufacturing accounts for approximately 10% of U.S. GDP.
- Manufacturing employment peaked in 1979 at over 19 million jobs.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in the number of manufacturing jobs in the United States.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment growth rate is a key indicator of the health and momentum of the U.S. manufacturing sector, which is a significant contributor to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics from monthly establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the manufacturing industry and its contribution to the overall economy, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (MANMNM01EEA657S), retrieved from FRED.