Average Weekly Hours of All Employees: Professional and Business Services in Delaware
Annual
SMU10000006000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.40
Year-over-Year Change
-1.39%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the annual average of total private employment in the United States. It provides a high-level indicator of the overall strength and growth 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 represents the average number of persons on nonfarm payrolls in the United States over the course of a calendar year. It is a key measure of economic activity and a primary input for policymakers and analysts assessing the health and trajectory of the U.S. economy.
Methodology
The data is collected through monthly surveys of U.S. business establishments.
Historical Context
Economists and policymakers closely monitor the Annual Trend to gauge labor market conditions and inform decisions related to monetary, fiscal, and employment policies.
Key Facts
- The Annual Trend averaged 121 million in 2021.
- It reached a peak of 152 million in 2019 before declining due to the COVID-19 pandemic.
- Annual employment data is released by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average number of persons employed in the U.S. private sector over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and growth of the U.S. labor market, providing important context for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. business establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Annual Trend to assess labor market conditions and inform decisions related to monetary, fiscal, and employment policies.
Q: Are there update delays or limitations?
A: The Annual Trend data is released with a short lag, typically within a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU10000006000000002A), retrieved from FRED.