Monthly, Seasonally Adjusted
SMU72000003132700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-7.69%
Date Range
1/1/1990 - 12/1/2018
Summary
The Monthly, Seasonally Adjusted series measures changes in the level of manufacturing employment in the U.S. over time. This trend is a key indicator of the health and direction of the manufacturing sector, which is a crucial component of the broader economy.
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
This series tracks the total number of non-farm employees in the manufacturing industry on a monthly basis, with seasonal variations removed to reveal underlying trends. Manufacturing employment is a closely watched economic metric used to assess production, investment, and overall business conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment figures are analyzed by policymakers, economists, and market participants to inform decisions and make projections about the state of the economy.
Key Facts
- Manufacturing employs over 12 million people in the U.S.
- Manufacturing output accounts for about 11% of U.S. GDP.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of non-farm employees in the manufacturing industry on a monthly basis, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of the health and direction of the manufacturing sector, which is a crucial component of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment figures are analyzed by policymakers, economists, and market participants to inform decisions and make projections about the state of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around 4 weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000003132700001SA), retrieved from FRED.