Average Weekly Earnings of All Employees: Construction in Illinois
Monthly
SMU17000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,818.24
Year-over-Year Change
4.00%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly economic trend measures the monthly changes in the employment rate in the United States. It is a key indicator of 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 Monthly employment trend tracks the monthly changes in the total number of people employed in the U.S. economy. It is widely used by economists, policymakers, and market analysts to assess the strength and momentum of the job market.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly employment data is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. economy added 223,000 jobs in December 2022.
- The unemployment rate fell to 3.5% in December 2022.
- The labor force participation rate was 62.3% in December 2022.
FAQs
Q: What does the Monthly economic trend measure?
A: The Monthly trend measures the monthly changes in the total number of people employed in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Monthly employment data is a key indicator of the overall health and direction of the labor market, which is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly employment data is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Monthly employment data is released by the Bureau of Labor Statistics on the first Friday of each month, providing a timely snapshot of the labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU17000002000000011), retrieved from FRED.