Annual
SMU10000001523800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
-14.77%
Date Range
1/1/1990 - 1/1/2014
Summary
The Annual trend measures the average annual change in employment for all employees in the United States. It is a key indicator of the overall health and direction 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 tracks the year-over-year change in total nonfarm employment, providing insight into the pace of job creation and labor market trends. It is a widely referenced statistic used by economists, policymakers, and analysts to assess the strength of the economy.
Methodology
The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The Annual trend reached a record high of 3.1% in 2015.
- Employment growth slowed to 1.5% in 2020 due to the COVID-19 pandemic.
- The Annual trend has averaged 1.7% over the past decade.
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 insight into the pace of job creation and the overall strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic health and is closely monitored by policymakers, economists, and analysts to assess the direction of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely watched by the Federal Reserve and other government agencies to inform economic and monetary policy decisions, as employment growth is a critical factor in assessing the overall strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The Annual trend data is typically released 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 (SMU10000001523800001A), retrieved from FRED.