Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Ireland
Annual, Seasonally Adjusted
LFEAAGTTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,450.00
Year-over-Year Change
-0.18%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures total agricultural employment in the United States. This key economic indicator provides insights into the labor market and productivity in the agricultural sector.
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
This series represents the total number of workers employed in agriculture, forestry, fishing, and hunting industries in the U.S., adjusted for seasonal variations. It is a widely followed metric for monitoring the health and trends within the agricultural economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the overall state of the agricultural labor market and inform decisions related to industry regulation, subsidies, and trade policy.
Key Facts
- The agricultural sector employs over 2 million workers in the U.S.
- Employment in agriculture has declined by 25% since the 1970s.
- Seasonal adjustments account for cyclical hiring patterns in the industry.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the total number of workers employed in the U.S. agricultural sector, including forestry, fishing, and hunting industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and trends of the agricultural labor market, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) 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 metric to assess the agricultural labor market and inform decisions related to industry regulation, subsidies, and trade policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month lag, and is subject to periodic revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAAGTTIEA647S), retrieved from FRED.