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NOTES

Source: Board of Governors of the Federal Reserve System (US)  

Release: G.17 Industrial Production and Capacity Utilization  

Units:  Index 2012=100, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Industrial Production Index (INDPRO) is an economic indicator that measures real output for all facilities located in the United States manufacturing, mining, and electric, and gas utilities (excluding those in U.S. territories).(1)
Since 1997, the Industrial Production Index has been determined from 312 individual series based on the 2007 North American Industrial Classification System (NAICS) codes. These individual series are classified in two ways (1) market groups and (2) industry groups. (1) The Board of Governors defines markets groups as products (aggregates of final products) and materials (inputs used in the manufacture of products). Consumer goods and business equipment can be examples of market groups. "Industry groups are defined as three digit NAICS industries and aggregates of these industries such as durable and nondurable manufacturing, mining, and utilities."(1)(2)
The index is compiled on a monthly basis to bring attention to short- term changes in industrial production,. It measures movements in production output and highlights structural developments in the economy. (1) Growth in the production index from month to month is an indicator of growth in the industry.
For more information regarding the Industrial Production and Capacity Utilization index, see the explanatory notes issued by the Board of Governors.

References
(1) Board of Governors of the Federal Reserve System. "Industrial Production and Capacity Utilization." Statistical release G.17; May 2013.
(1) For recent reports on market and industry groups, please visit the Board of Governors.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Industrial Production: Total Index [INDPRO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/INDPRO, December 5, 2020.

Source: U.S. Bureau of Labor Statistics  

Release: Employment Situation  

Units:  Thousands of Persons, Seasonally Adjusted

Frequency:  Monthly

Notes:

All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. This measure accounts for approximately 80 percent of the workers who contribute to Gross Domestic Product (GDP).

This measure provides useful insights into the current economic situation because it can represent the number of jobs added or lost in an economy. Increases in employment might indicate that businesses are hiring which might also suggest that businesses are growing. Additionally, those who are newly employed have increased their personal incomes, which means (all else constant) their disposable incomes have also increased, thus fostering further economic expansion.

Generally, the U.S. labor force and levels of employment and unemployment are subject to fluctuations due to seasonal changes in weather, major holidays, and the opening and closing of schools. The Bureau of Labor Statistics (BLS) adjusts the data to offset the seasonal effects to show non-seasonal changes: for example, women's participation in the labor force; or a general decline in the number of employees, a possible indication of a downturn in the economy. To closely examine seasonal and non-seasonal changes, the BLS releases two monthly statistical measures: the seasonally adjusted All Employees: Total Nonfarm (PAYEMS) and All Employees: Total Nonfarm (PAYNSA), which is not seasonally adjusted.

The series comes from the 'Current Employment Statistics (Establishment Survey).'

The source code is: CES0000000001

Suggested Citation:

U.S. Bureau of Labor Statistics, All Employees, Total Nonfarm [PAYEMS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAYEMS, December 5, 2020.

Source: U.S. Bureau of Labor Statistics  

Release: Employment Situation  

Units:  Thousands of Persons, Seasonally Adjusted

Frequency:  Monthly

Notes:

The series comes from the 'Current Employment Statistics (Establishment Survey).'

The source code is: CES3000000001

Suggested Citation:

U.S. Bureau of Labor Statistics, All Employees, Manufacturing [MANEMP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MANEMP, December 5, 2020.

Source: U.S. Bureau of Labor Statistics  

Release: Employment Situation  

Units:  Percent, Seasonally Adjusted

Frequency:  Monthly

Notes:

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LNS12300000

Suggested Citation:

U.S. Bureau of Labor Statistics, Employment-Population Ratio [EMRATIO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EMRATIO, December 5, 2020.

RELATED CONTENT

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Other Formats

Industrial Production: Total Index

Monthly, Not Seasonally Adjusted Quarterly, Not Seasonally Adjusted Quarterly, Seasonally Adjusted

All Employees, Total Nonfarm

Monthly, Not Seasonally Adjusted

All Employees, Manufacturing

Monthly, Not Seasonally Adjusted

Employment-Population Ratio

Monthly, Not Seasonally Adjusted

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