Seasonally Adjusted
SMU72000005552000007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.60
Year-over-Year Change
6.12%
Date Range
1/1/2001 - 12/1/2013
Summary
The Seasonally Adjusted series tracks monthly employment levels in the U.S. manufacturing sector, a key indicator of economic health and activity.
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, published by the U.S. Bureau of Labor Statistics, provides a seasonally adjusted measure of total employment in the manufacturing industry. Seasonal adjustment helps identify underlying trends by removing predictable fluctuations due to factors like weather or holidays.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Historical Context
Analysts and policymakers monitor this series to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Employment in the sector has declined from a peak of 19.4 million in 1979 to around 12.8 million today.
- The manufacturing industry is a key driver of productivity growth and innovation.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks monthly employment levels in the U.S. manufacturing sector, a key indicator of economic health and activity.
Q: Why is this trend relevant for users or analysts?
A: Analysts and policymakers monitor this series to assess the strength of the manufacturing sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: This series is used by economists and policymakers to gauge the health of the manufacturing industry and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted series is published monthly by the U.S. Bureau of Labor Statistics, with some delay in reporting the latest data.
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Citation
U.S. Bureau of Labor Statistics, Seasonally Adjusted (SMU72000005552000007SA), retrieved from FRED.