All Employees: Retail Trade in Arizona
Annual, Not Seasonally Adjusted
SMU04000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.60
Year-over-Year Change
16.51%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual change in employment levels in the private manufacturing sector, providing insight into labor market dynamics and economic growth.
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 trend for private manufacturing employment tracks the year-over-year change in the total number of jobs in the U.S. manufacturing industry. This metric is closely monitored by economists and policymakers to assess the health and trajectory of the broader economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend serves as a key indicator for economic and industrial policy decisions.
Key Facts
- Private manufacturing employment accounts for around 10% of total U.S. nonfarm payrolls.
- The manufacturing sector has experienced long-term job losses due to automation and global competition.
- Changes in manufacturing employment are closely tied to broader economic cycles and productivity trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual change in employment levels in the private manufacturing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment trend provides important insights into the health and direction of the broader economy, as it reflects labor market dynamics and industrial production.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend serves as a key indicator for economic and industrial policy decisions, as manufacturing employment is closely tied to broader economic cycles and productivity trends.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of several weeks.
Related Trends
Gross Domestic Product: Ambulatory Health Care Services (621) in Arizona
AZAMBHCNGSP
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Arizona
AZADMINWASTRQGSP
Gross Domestic Product: Pipeline Transportation (486) in Arizona
AZPIPETRANNGSP
Gross Domestic Product: Rail Transportation (482) in Arizona
AZRAILTRANNGSP
Gross Domestic Product: Military in Arizona
AZGOVFEDMILNGSP
Real Gross Domestic Product: Information (51) in Arizona
AZINFORQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000004200000001A), retrieved from FRED.