Manufacturing Payrolls measures the number of persons employed in the manufacturing industry, and is released monthly by the US Bureau of Labor Statistics and is seasonally adjusted. Its readings present variability mainly due to seasonality but also to the business cycle of the economy. Higher than expected readings are positive for the US dollar and the US economy, showing growth in the manufacturing sector and providing insights about the future GDP growth as well.
The United States Manufacturing Payrolls
The United States Manufacturing Payrolls latest reading for the month of June 2017 was 12.40 million, increased by 1000 new payrolls compared to the previous month. The change from one year ago is 0.40%, and from 2014 there is an uptrend. The United States Manufacturing Payrolls have a long-term average of -820 for the period of years 1950-2017. The all-time high reading for the United States Manufacturing Payrolls was 572000 in August of 1952, and the all-time low reading was -519000 in October of 1970. As the US unemployment rate has fallen in 2017, the current trend for the 2017 and the Manufacturing Payrolls is an uptrend, with a peak number of 22000 in February.
