Consumer Price Index: Total Services for the Russian Federation
Annual
CPSETT01RUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.05
Year-over-Year Change
362.06%
Date Range
1/1/1992 - 1/1/2014
Summary
The Annual trend measures the percentage of total employment represented by self-employed workers in the United States. This metric is important for analyzing labor market dynamics and entrepreneurial activity.
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 share of total U.S. employment accounted for by self-employed workers. This provides insight into the level of entrepreneurship and the makeup of the labor force over time.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to understand trends in independent work and business formation.
Key Facts
- The self-employment rate in the U.S. was 6.1% in 2022.
- Self-employment has declined from a high of 7.5% in 2015.
- The COVID-19 pandemic saw a temporary spike in self-employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the percentage of total U.S. employment accounted for by self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and the makeup of the labor force, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand trends in independent work and business formation.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (CPSETT01RUA661N), retrieved from FRED.