Average Weekly Hours of All Employees: Mining, Logging, and Construction in Hawaii
Annual
SMU15000001500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.60
Year-over-Year Change
-0.27%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average employment level for all employees in the U.S. This economic indicator is closely watched by policymakers and analysts to assess the overall health and direction 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 reflects the total number of jobs in the U.S. economy on an annual average basis. It is a broad measure of employment that encompasses all payroll jobs, including both full-time and part-time workers across the private and public sectors.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a key input for policymakers at the Federal Reserve and other institutions when evaluating the strength of the economy and setting appropriate monetary and fiscal policies.
Key Facts
- The Annual trend reached a record high in 2019 before declining during the COVID-19 pandemic.
- Employment levels are a critical factor in assessing the overall health of the U.S. economy.
- Annual employment data is used to calculate the unemployment rate and other key labor market statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average number of payroll jobs in the United States, covering both full-time and part-time workers across the private and public sectors.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a widely followed indicator of the overall strength of the U.S. labor market and a key input for policymakers and economists assessing the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other institutions to help inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The Annual employment data is released with a short lag, typically a few weeks after the end of the year. There are also occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU15000001500000002A), retrieved from FRED.