All Employees: Manufacturing in Illinois
Annual, Not Seasonally Adjusted
SMU17000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
578.20
Year-over-Year Change
-1.04%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures total private employment in the United States. It provides a high-level view of labor market conditions and is a key indicator for economists and policymakers.
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 total private employment metric captures the total number of workers employed in the private, non-farm sectors of the U.S. economy. It is a comprehensive measure of labor utilization and economic activity, offering insights into overall business and consumer sentiment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers and analysts use this trend to assess the overall health of the U.S. economy and inform decisions on economic and monetary policy.
Key Facts
- The U.S. private sector employs over 130 million workers.
- Private employment has steadily increased since the Great Recession.
- The service sector accounts for the majority of private employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of workers employed in the private, non-farm sectors of the U.S. economy, providing a comprehensive view of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of overall economic health and business/consumer sentiment, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall strength of the U.S. economy and inform decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a one-month lag, and the not seasonally adjusted series may exhibit typical seasonal patterns.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000003000000001A), retrieved from FRED.