Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Illinois
Annual
SMU17000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
969.17
Year-over-Year Change
26.59%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the yearly average of total nonfarm employment in the U.S. This key economic indicator is closely watched by policymakers and analysts to gauge the overall health 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 average number of people employed in nonfarm jobs over a 12-month period. It provides a broad snapshot of the U.S. employment landscape, including private-sector and government positions, but excluding farm workers.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a vital input for Federal Reserve and government policy decisions.
Key Facts
- The Annual trend covers approximately 145 million nonfarm jobs.
- The U.S. annual employment rate reached a high of 148.1 million in 2019.
- Nonfarm employment fell sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health of the U.S. labor market, providing crucial insights for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a vital input for Federal Reserve and government policy decisions, as it reflects the broader labor market conditions.
Q: Are there update delays or limitations?
A: The Annual employment data is released monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual (SMU17000004000000011A), retrieved from FRED.