All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Utah
Annual, Not Seasonally Adjusted
SMU49000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.60
Year-over-Year Change
65.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures annual employment in the U.S. manufacturing sector, providing a high-level indicator of economic activity 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 employment series tracks the total number of workers in the U.S. manufacturing industry on a yearly basis. It offers insight into long-term trends and the health of the broader economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely followed by economists, policymakers, and market analysts to assess the strength of the manufacturing industry and broader economic conditions.
Key Facts
- U.S. manufacturing employment totaled 11.3 million workers in 2021.
- Manufacturing accounts for approximately 8% of total U.S. employment.
- The sector experienced a decline in employment during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people employed in the U.S. manufacturing sector on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic health and productivity, providing insight into the strength of the industrial sector.
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: Policymakers and analysts closely monitor manufacturing employment to assess the overall state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual data is typically published with a lag of several months, reflecting the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000007071000001A), retrieved from FRED.