Average Weekly Earnings of All Employees: Mining, Logging, and Construction in Delaware
Annual
SMU10000001500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,432.32
Year-over-Year Change
34.30%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average yearly change in total employment for the United States. This key economic indicator provides insight into the overall health and growth 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 trend represents the year-over-year change in total nonfarm employment, which includes all jobs except those in private households and the agricultural sector. This broad measure is widely tracked by economists, policymakers, and analysts to gauge the strength and direction of the U.S. economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a critical input for assessing macroeconomic conditions and informing policy decisions.
Key Facts
- The U.S. added over 6 million jobs in 2021, the largest annual gain on record.
- The 2020 annual employment change was -5.8%, the sharpest decline since the Great Depression.
- Total nonfarm employment remains below pre-pandemic levels despite the recovery.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm employment in the United States, providing a broad indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment change is a key macroeconomic indicator used by policymakers, economists, and market participants to assess the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment change is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, employment goals, and broader economic management.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU10000001500000011A), retrieved from FRED.