Infra-Annual Labor Statistics: Employees Total for Sweden
Annual, Seasonally Adjusted
LFESEETTSEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,735,100.00
Year-over-Year Change
13.54%
Date Range
1/1/1963 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted total employment in the services sector in the U.S. It is a key indicator of economic health and labor market conditions.
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 total employment in the U.S. services sector represents the number of people employed in industries like healthcare, retail, hospitality, and professional services. This metric is widely tracked by economists and policymakers to assess the strength of the broader economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend informs policy decisions and business strategies related to the services industry, consumer spending, and the overall labor market.
Key Facts
- The services sector accounts for over 80% of U.S. GDP.
- Employment in the services sector grew by 2.3% in 2022.
- The pandemic caused a temporary dip in services employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the U.S. services sector on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The services sector employment trend is a critical indicator of economic health and consumer demand, informing business strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and economists assess the strength of the overall economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFESEETTSEA647S), retrieved from FRED.