Manufacturing Employment
All employees, manufacturing (thousands of persons, monthly)
| Property | Value |
|---|---|
| Category | macro |
| Unit | K |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/employment |
| Field | manufacturing_employment |
Overview
All Employees in the Manufacturing sector (FRED MANEMP), in thousands of persons, monthly frequency. Manufacturing is a small but volatile share of US payrolls and tends to lead the broader cycle because manufacturers are sensitive to inventory cycles, capex, and global trade.
Interpretation
- Rising manufacturing employment: industrial expansion, healthy goods-sector demand — typically late-early to mid-cycle.
- Falling manufacturing employment: contraction, often precedes broader recessions by 6–12 months.
- The trend (12-month change) matters more than monthly noise.
Use Cases
- Use as a leading labour-market indicator for BTC macro positioning, since manufacturing weakness historically precedes Fed pivots.
- Combine with
macro_unemployment_rateandmacro_initial_claimsto triangulate the cycle stage. - Compare with
macro_real_gdp_growthto detect divergence between manufacturing and services activity.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/employment?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Unemployment Rate — US civilian unemployment rate (%, monthly)
- Initial Jobless Claims — Initial unemployment insurance claims (thousands, weekly)
- Real GDP Growth (QoQ Annualized) — Real GDP growth, quarter-over-quarter annualized (%, quarterly)
- 10Y-2Y Yield Spread — 10-year minus 2-year Treasury yield spread (%, recession indicator)