Average Weekly Hours of All Employees: Total Private in Delaware
Annual
SMU10000000500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.10
Year-over-Year Change
-2.73%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the annual percent change in U.S. total private employment, a key indicator of the overall health of the economy.
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 tracks the year-over-year percent change in total private employment, excluding government workers. It provides insight into the strength and direction of the U.S. labor market and is widely used by economists and policymakers to assess economic conditions.
Methodology
The data is collected through a monthly survey of non-farm business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is a vital input for monitoring the broader economy and informing fiscal and monetary policy decisions.
Key Facts
- Annual private employment growth peaked at 2.2% in 2015.
- Private sector employment fell by 6.1% in 2020 due to the COVID-19 pandemic.
- The Annual Trend returned to positive territory in 2021, reaching 4.7%.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the year-over-year percent change in total private non-farm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the strength and direction of the U.S. labor market, providing insight into the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of non-farm business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is a vital input for monitoring the broader economy and informing fiscal and monetary policy decisions by government and central bank officials.
Q: Are there update delays or limitations?
A: The Annual Trend data is released monthly with a brief delay, providing timely information on the state of the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual (SMU10000000500000002A), retrieved from FRED.