Average Weekly Earnings of All Employees: Total Private in Delaware
Annual
SMU10000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,018.21
Year-over-Year Change
40.19%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average number of weeks per year that workers in the United States are unemployed. This metric is a key indicator of labor market conditions and economic performance.
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 weeks that individuals report being unemployed over the course of a full calendar year. It is a widely-followed statistic that provides insight into the overall health and stability of the U.S. labor force.
Methodology
This data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor the Annual trend to assess the broader state of the economy and guide employment-related interventions.
Key Facts
- The average annual unemployment duration was 20.1 weeks in 2021.
- The highest recorded annual average was 40.7 weeks in 2010 during the Great Recession.
- Longer average unemployment duration is associated with decreased consumer spending and slower economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of weeks per year that workers in the United States report being unemployed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the overall health and stability of the U.S. labor market, which is a key driver of broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Annual trend to assess labor market conditions and guide employment-related interventions.
Q: Are there update delays or limitations?
A: The Annual data is released on a monthly basis with a typical one-month lag from the reference period.
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Citation
U.S. Federal Reserve, Annual (SMU10000000500000011A), retrieved from FRED.