Growth Rate Previous Period, Annual, Not Seasonally Adjusted
MANMNM01RUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.27
Year-over-Year Change
-84.06%
Date Range
1/1/1997 - 1/1/2013
Summary
This trend measures the year-over-year growth rate of manufacturing employment in the United States. It provides insights into the health and direction of the manufacturing sector, a key driver of the broader economy.
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, Annual, Not Seasonally Adjusted metric tracks the percentage change in manufacturing employment compared to the same month in the prior year. This data point is widely used by economists and policymakers to assess the strength and trajectory of the U.S. manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Manufacturing employment has declined as a share of total U.S. employment over the past few decades.
- Rapid growth in manufacturing employment can signal broader economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in manufacturing employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of manufacturing employment is a key indicator of the health and direction of the U.S. manufacturing sector, which is a significant driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (MANMNM01RUA657S), retrieved from FRED.