Employed Persons in Alabama
Annual
LAUST010000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,274,568.00
Year-over-Year Change
12.96%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual trend measures the percent change in total nonfarm employment in the United States on a year-over-year basis. This key economic indicator provides insights into the overall health and direction of the U.S. labor market.
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 represents the year-over-year percent change in total nonfarm payroll employment, which covers employees in private nonfarm establishments as well as government workers. It is a widely tracked metric that helps economists and policymakers assess the broader employment landscape and broader macroeconomic conditions.
Methodology
The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve, government agencies, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- The Annual trend reached a record high of 6.4% in 2021.
- Employment growth slowed to 2.7% in 2022 amid economic headwinds.
- The metric has averaged 1.1% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total nonfarm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall health and direction of the U.S. labor market, which is a key driver of broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve, government agencies, and market analysts to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual (LAUST010000000000005A), retrieved from FRED.