Annual
SMU72000003231500008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.55
Year-over-Year Change
32.97%
Date Range
1/1/2001 - 1/1/2016
Summary
This series measures annual employment levels in the manufacturing sector of the United States, providing important insights into the overall health of the 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
The Annual employment in manufacturing series tracks the total number of people employed in the manufacturing industry in the U.S. on a yearly basis. This metric is closely watched by economists and policymakers as it serves as a key indicator of economic activity and production capacity.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing employment figures are used to assess the strength of the industrial sector and inform economic and policy decisions.
Key Facts
- Manufacturing accounted for approximately 11% of total U.S. employment in 2022.
- The U.S. manufacturing sector employs over 12 million workers as of 2022.
- Manufacturing productivity has increased by over 50% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people employed in the manufacturing industry in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing employment is a key indicator of economic activity and production capacity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing employment figures are used to assess the strength of the industrial sector and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a lag of several months.
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Citation
U.S. Federal Reserve, Annual (SMU72000003231500008A), retrieved from FRED.