Annual
SMU17000004245200030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427.56
Year-over-Year Change
28.19%
Date Range
1/1/2001 - 1/1/2021
Summary
The Annual trend measures the annual average of state-level employment in the manufacturing sector for a specific U.S. state. This metric provides insight into the long-term performance and trends of the manufacturing industry within a given state.
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 trend tracks the average level of manufacturing employment over a full calendar year for a particular U.S. state. This data series is used by economists and policymakers to analyze the health and competitiveness of state manufacturing sectors and inform economic development strategies.
Methodology
The data is collected through surveys of business establishments and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This annual manufacturing employment trend is a key input for evaluating a state's economic policies and business climate.
Key Facts
- Manufacturing accounts for over 12% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer.
- Manufacturing job losses have slowed in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of manufacturing employment over a full calendar year for a specific U.S. state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the long-term performance and competitiveness of a state's manufacturing sector, which is crucial for economic development and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual manufacturing employment trend is a key input for evaluating a state's economic policies and business climate, informing decisions on tax incentives, workforce development, and other initiatives.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the calendar year and the release of the annual manufacturing employment data for a given state.
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Citation
U.S. Federal Reserve, Annual (SMU17000004245200030A), retrieved from FRED.