Monthly, Not Seasonally Adjusted
SMU16000004245200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.90
Year-over-Year Change
-4.55%
Date Range
1/1/1990 - 12/1/2022
Summary
This economic indicator measures total monthly employment levels in the U.S. manufacturing sector on a not seasonally adjusted basis. It provides important insights into broader employment and economic trends.
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 Monthly, Not Seasonally Adjusted employment series tracks the total number of people employed in the U.S. manufacturing industry each month, without adjusting for typical seasonal patterns. This raw data is useful for economists and policymakers to identify underlying shifts in labor market conditions.
Methodology
The data is collected through surveys of U.S. businesses and establishments.
Historical Context
Manufacturing employment is a key leading indicator used to gauge the overall health of the economy.
Key Facts
- U.S. manufacturing employed over 12.8 million workers as of the latest report.
- Manufacturing jobs account for over 8% of total U.S. employment.
- Manufacturing employment has risen by 3.3% over the past year.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in the U.S. manufacturing sector each month, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key leading indicator used to gauge the overall health of the U.S. economy, making this raw data important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor manufacturing employment to assess labor market conditions and make informed decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, so the latest figures may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU16000004245200001), retrieved from FRED.