Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Ireland
Persons, Annual, Seasonally Adjusted
LFEM24TTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327,000.00
Year-over-Year Change
65.78%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' metric tracks the total number of employed individuals in the United States on an annual basis, adjusting for seasonal variations. This key labor market indicator provides insights into the overall health and strength of the U.S. economy.
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 measures the total number of employed persons in the U.S. economy on an annual basis, with seasonal adjustments to account for recurring patterns like holidays and weather effects. It is a widely-watched metric used by economists, policymakers, and analysts to assess labor market conditions and overall economic performance.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. employed over 158 million people in 2021.
- Employment levels declined sharply during the COVID-19 pandemic but have since recovered.
- The services sector accounts for the majority of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' metric tracks the total number of employed individuals in the United States on an annual basis, with adjustments made to account for seasonal variations in the data.
Q: Why is this trend relevant for users or analysts?
A: This employment measure is a key indicator of the overall health and strength of the U.S. economy, providing insights into labor market conditions that are closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track this employment trend to inform economic policy decisions, as it provides valuable insights into the state of the labor market and overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on an annual basis, with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM24TTIEA647S), retrieved from FRED.