Employment by Economic Activity: Industry Including Construction: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFEAICTTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,573,475.00
Year-over-Year Change
-7.94%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted level of employment in the information, communications, and technology (ICT) industries in the United States. It provides important insights into the labor market dynamics of this crucial economic 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
The 'Annual, Not Seasonally Adjusted' ICT employment trend tracks the yearly employment figures for the information, communications, and technology industries in the U.S. This data point is used by economists and policymakers to analyze workforce trends and labor market conditions within the ICT sector.
Methodology
The data is collected through household and establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for assessing the overall health and growth of the technology industry, which is a key driver of innovation and productivity in the U.S. economy.
Key Facts
- The ICT sector employs over 11 million workers in the U.S.
- Annual ICT employment grew by 3.2% in 2021.
- California has the highest concentration of ICT jobs in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted level of employment in the information, communications, and technology (ICT) industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market dynamics of the crucial ICT sector, which is a key driver of innovation and productivity in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for assessing the overall health and growth of the technology industry, which is closely monitored by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAICTTEUA647N), retrieved from FRED.