Quarterly, Seasonally Adjusted
LFWA25TTO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516,389,000.00
Year-over-Year Change
0.53%
Date Range
1/1/2005 - 4/1/2017
Summary
This trend measures the 'Wage and Salary Employment: Total Nonfarm' indicator for the United States, providing valuable insights into the overall 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 'Wage and Salary Employment: Total Nonfarm' trend tracks the total number of nonfarm payroll employees in the U.S. economy on a quarterly, seasonally adjusted basis. This metric is a key indicator of economic health and a crucial input for policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a survey of business establishments.
Historical Context
This trend is widely used by economists, policymakers, and market participants to assess the strength of the U.S. labor market and inform economic decision-making.
Key Facts
- The U.S. nonfarm payroll employment reached a record high of 152.5 million in February 2020.
- The COVID-19 pandemic caused a sharp decline in nonfarm payroll employment, which lost over 22 million jobs in March and April 2020.
- As of 2022, the U.S. nonfarm payroll employment has surpassed its pre-pandemic level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of nonfarm payroll employees in the U.S. economy on a quarterly, seasonally adjusted basis, providing a key indicator of overall labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The 'Wage and Salary Employment: Total Nonfarm' trend is a crucial economic indicator used by policymakers, economists, and market participants to assess the strength of the U.S. labor market and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a survey of business establishments.
Q: How is this trend used in economic policy?
A: This trend is widely used by the Federal Reserve, policymakers, and analysts to evaluate the overall health of the U.S. economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The 'Wage and Salary Employment: Total Nonfarm' data is released on a quarterly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Wage and Salary Employment: Total Nonfarm (LFWA25TTO1Q647S), retrieved from FRED.