Average Weekly Hours of All Employees: Manufacturing in Connecticut
Annual
SMU09000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.10
Year-over-Year Change
-2.01%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total private employment in the United States. It is a key indicator of the overall health and strength of the U.S. labor market.
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 Annual trend represents the average number of private sector employees in the U.S. over a 12-month period. It is widely used by economists, policymakers, and analysts to evaluate long-term employment patterns and workforce dynamics.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored for its implications on economic growth, consumer spending, and the overall business climate.
Key Facts
- The U.S. annual private employment averaged over 124 million workers in 2022.
- The Annual trend has recovered to pre-pandemic levels after declining in 2020.
- Private sector employment accounts for approximately 84% of total U.S. employment.
FAQs
Q: What does the Annual trend measure?
A: The Annual trend measures the average number of private sector employees in the United States over a 12-month period.
Q: Why is the Annual employment trend relevant?
A: The Annual trend is a key indicator of the overall health and strength of the U.S. labor market, with implications for economic growth, consumer spending, and the business climate.
Q: How is the Annual data collected?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Annual trend used in economic policy?
A: The Annual employment trend is closely monitored by economists, policymakers, and analysts to evaluate long-term employment patterns and workforce dynamics.
Q: Are there any limitations or delays in the Annual data?
A: The Annual trend data is subject to periodic revisions and may have a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Annual (SMU09000003000000002A), retrieved from FRED.