All Sectors; Net Value Added (IMA), Transactions
Annual
ALSNVAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,176,475.00
Year-over-Year Change
74.79%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the average number of paid vacation days offered to employees in the United States on an annual basis. This data provides valuable insights into workforce benefits and labor market conditions.
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
The Annual trend tracks the average number of paid vacation days provided to full-time employees in the private sector across the United States. This metric is used by economists and policymakers to assess workforce compensation and work-life balance trends.
Methodology
The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in paid vacation days offer insights into labor market dynamics and employee benefits that are relevant for economic and policy analysis.
Key Facts
- The average number of paid vacation days in the U.S. was 10 in 2021.
- Paid vacation days have declined by 1 day on average since 2010.
- Larger firms tend to offer more paid vacation days than smaller businesses.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of paid vacation days offered to full-time private sector employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in paid vacation days provide insights into workforce compensation and work-life balance, which are important factors for economic and labor market analysis.
Q: How is this data collected or calculated?
A: The data is collected through the National Compensation Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market dynamics and the competitiveness of employee benefits, which can inform decisions around workforce policies and regulations.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a lag, typically several months after the end of the reference year. There may also be limitations in capturing the full range of paid vacation policies across different industries and firm sizes.
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Citation
U.S. Federal Reserve, Annual (ALSNVAA027N), retrieved from FRED.