All Employees: Total Nonfarm in Connecticut
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU09000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,708.30
Year-over-Year Change
3.65%
Date Range
1/1/1939 - 1/1/2024
Summary
This annual economic trend measures the total number of persons employed in the U.S. workforce. It provides a broad gauge of overall labor market activity and economic growth.
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 Thousands of Persons, Annual, Not Seasonally Adjusted metric tracks the total workforce size across all sectors of the U.S. economy. It is a widely followed indicator used by economists, policymakers, and investors to assess the health and trajectory of the domestic labor market.
Methodology
The data is collected through household and establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment metric can influence federal Reserve policy decisions and market expectations.
Key Facts
- The U.S. workforce totaled over 157 million persons in 2021.
- Employment levels declined sharply during the 2020 COVID-19 recession.
- The workforce has since recovered to near pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of persons employed in the U.S. workforce across all sectors of the economy.
Q: Why is this trend relevant for users or analysts?
A: The workforce size is a key indicator of overall economic health and labor market conditions, informing policy decisions and market expectations.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the workforce size can influence Federal Reserve monetary policy and impact market expectations.
Q: Are there update delays or limitations?
A: The data is released annually with a delay of several months, and does not account for seasonal employment fluctuations.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU09000000000000001A), retrieved from FRED.