Openness at constant prices for China
Percent, Annual, Not Seasonally Adjusted
OPENRPCNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.20
Year-over-Year Change
125.80%
Date Range
1/1/1952 - 1/1/2010
Summary
The 'Percent, Annual, Not Seasonally Adjusted' metric tracks the year-over-year change in open positions for non-farm private-sector job vacancies in the United States. This indicator provides insights into labor market dynamics and hiring trends.
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 economic series, published by the U.S. Federal Reserve, measures the annual percentage change in job openings across the private non-farm sector. It offers a timely gauge of labor demand and can inform policymakers and analysts about the tightness of the job market.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this metric to assess the strength of the labor market and make informed decisions.
Key Facts
- The series has been published monthly since 2000.
- The highest annual growth rate was 34.7% in April 2021.
- The lowest annual growth rate was -16.3% in April 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percentage change in job openings in the private non-farm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The job openings data provides a timely indicator of labor market conditions and hiring demand, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to assess the strength of the labor market and make informed decisions about economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months from the reference period.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (OPENRPCNA156NUPN), retrieved from FRED.