All Employees: Professional and Business Services in Connecticut
Annual, Not Seasonally Adjusted
SMU09000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.70
Year-over-Year Change
6.62%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted employment level in the United States. Understanding this metric is crucial for economists and policymakers to assess the overall health of the 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, not seasonally adjusted employment level tracks the total number of employed individuals in the U.S. over a 12-month period without adjusting for seasonal variations. This provides a broad overview of long-term employment trends, which is valuable for economic analysis and policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, analysts, and policymakers to evaluate the strength of the U.S. labor market and inform economic policy decisions.
Key Facts
- The U.S. employment level reached a record high of 158.8 million in 2019.
- Employment declined sharply in 2020 due to the COVID-19 pandemic.
- The annual employment level is a lagging indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals in the United States over a 12-month period, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a broad overview of long-term employment trends, which is crucial for economists and policymakers to assess the overall health of the labor market and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, analysts, and policymakers to evaluate the strength of the U.S. labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment level is a lagging indicator, and there may be delays in data availability or updates.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU09000006000000001A), retrieved from FRED.