MarketXLS

All Employees, Goods-Producing 21.6M for 

All Employees, Goods-Producing came in at 21.6M for Jul 2026, up 0.12% from 21.5M the prior month and 0.30% above its level of 21.5M one year ago. The series has averaged 20.8M since 1939, reaching a record high of 25.2M in July 1979 and a record low of 11.1M in January 1939.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "All Employees, Goods-Producing," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/goods-producing-employment

Historical Data

⋮
⋮
July 1, 202621.6M
June 1, 202621.5M
May 1, 202621.5M
April 1, 202621.5M
March 1, 202621.5M
February 1, 202621.5M
January 1, 202621.5M
December 1, 202521.5M
November 1, 202521.5M
October 1, 202521.5M
September 1, 202521.5M
August 1, 202521.5M
July 1, 202521.5M
June 1, 202521.5M
May 1, 202521.5M
April 1, 202521.6M
March 1, 202521.6M
February 1, 202521.6M
January 1, 202521.6M
December 1, 202421.6M
⋮
⋮
October 1, 198221.9M
September 1, 198222.1M
August 1, 198222.3M
July 1, 198222.4M
June 1, 198222.6M
May 1, 198222.9M
April 1, 198223M
March 1, 198223.2M
February 1, 198223.4M
January 1, 198223.4M
December 1, 198123.7M
November 1, 198123.9M
October 1, 198124.1M
September 1, 198124.2M
August 1, 198124.3M
July 1, 198124.3M
June 1, 198124.3M
May 1, 198124.1M
April 1, 198124.2M
March 1, 198124.2M

About All Employees, Goods-Producing

What it measures

All Employees: Goods-Producing (FRED series USGOOD) counts private payroll employment in industries that produce physical goods: manufacturing, construction, and mining and logging. The Bureau of Labor Statistics publishes it monthly from the establishment survey. It represents the smaller, more cyclical slice of private employment relative to service-providing industries.

Why it matters

Goods-producing jobs react quickly to interest rates, commodity cycles, and global demand, making the sector an early indicator of cyclical turning points. Manufacturing and construction layoffs have historically led broader labor market downturns. The series also tracks structural themes such as reshoring, energy investment, and housing construction activity.

How to read it

Declining goods employment while services keep hiring often marks the early phase of a slowdown; broad-based declines across both signal recession conditions. Construction employment follows housing and rates with a lag, while manufacturing follows orders and inventories. The sector is a modest share of total jobs, so read it as a signal rather than a weight.

Get All Employees, Goods-Producing in Excel

Pull All Employees, Goods-Producing directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=EmployeesGoodsProducing()

View the Employees - Goods Producing formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current All Employees, Goods-Producing?

All Employees, Goods-Producing is 21.6M as of July 2026.

What is the all-time high and low of All Employees, Goods-Producing?

The highest value on record is 25.2M (July 1979) and the lowest is 11.1M (January 1939).

How often is All Employees, Goods-Producing updated?

All Employees, Goods-Producing is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get All Employees, Goods-Producing in Excel?

Use the MarketXLS Excel formula =EmployeesGoodsProducing() to pull All Employees, Goods-Producing directly into any cell, with historical values available for analysis.

Basic info
Persons employed in the goods producing sector in the economy.
RegionUnited States
FrequencyMonthly
Last updatedAugust 7, 2026
Seasonal adjustmentSeasonally Adjusted
UnitThousands of Persons

Stats
Last Value21.6M
Latest PeriodJul 2026
Last UpdatedAugust 7 2026, 08:31
Value Previous Month21.5M
Change From Previous Month0.12%
Value 1 Year Ago21.5M
Change From Year Ago0.30%
Average Growth Rate0.76%/yr
Record High (Jul 1979)25.2M
Record Low (Jan 1939)11.1M
Long-Term Average20.8M
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitThousands of Persons

Annual Averages
202621.5M
202521.5M
202421.6M
202321.5M
202221.1M
202120.3M
202020M
201921M
201820.7M
201720M
201619.7M
201519.6M

Related Indicators
Nonfarm Payrolls
All Employees, Total Private
All Employees, Service-Providing
All Employees, Government
Unemployment Rate
Initial Jobless Claims
Average Weeks Unemployed
Job Openings: Total Nonfarm
Hires: Total Nonfarm
Total Separations: Total Nonfarm
Quits: Total Nonfarm
Layoffs and Discharges: Total Nonfarm
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