All Employees: Government in Rhode Island
Annual, Not Seasonally Adjusted
SMU44000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.00
Year-over-Year Change
2.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted manufacturing employment in the United States. It provides insights into the underlying trends and patterns in the U.S. manufacturing sector, which is a key driver of economic growth and productivity.
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 manufacturing employment series tracks the total number of people employed in the manufacturing industry in the United States over a 12-month period. This metric is widely used by economists, policymakers, and analysts to gauge the health and performance of the U.S. manufacturing sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Historical Context
This trend is closely monitored by policymakers, businesses, and investors to understand the broader economic conditions and make informed decisions.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing productivity has increased by over 50% since the 1980s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment in the U.S. manufacturing sector, providing insights into the overall health and performance of this key industry.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing employment trend is a crucial indicator for understanding the broader economic conditions, as the manufacturing sector is a significant driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly establishment survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, businesses, and investors to make informed decisions about economic conditions, employment, and the performance of the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into the manufacturing employment trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU44000009000000001A), retrieved from FRED.