Average Weekly Hours of Production Employees: Information in Illinois
Annual
SMU17000005000000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
11.50%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual series measures the total private employment in the United States. This metric is a key indicator of the overall health and performance of the U.S. economy.
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 series tracks the total number of non-farm private sector employees in the United States on an annual basis. This measure provides insights into the strength of the labor market and is closely monitored by economists, policymakers, and businesses.
Methodology
The data is collected through surveys of U.S. businesses and establishments.
Historical Context
The Annual employment metric is widely used to inform economic policy decisions and market analysis.
Key Facts
- The Annual series covers all non-farm private sector workers in the United States.
- Annual private employment is a leading indicator of overall economic performance.
- This metric is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual series tracks the total number of non-farm private sector employees in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment metric is a key indicator of the overall health and strength of the U.S. labor market and economy, and is closely monitored by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data for the Annual series is collected through surveys of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: The Annual employment metric is widely used to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The Annual series is released monthly by the U.S. Bureau of Labor Statistics, with no significant update delays or limitations.
Related Trends
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PEU18IL17000A647NCEN
Average Hourly Earnings of All Employees: Other Services in Illinois
SMU17000008000000003A
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ILRERENTLEAQGSP
All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Illinois
SMU17000005552200001
Gross Domestic Product: Manufacturing (31-33) in Illinois
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Median Household Income in Illinois
MEHOINUSILA646N
Citation
U.S. Federal Reserve, Annual (SMU17000005000000007A), retrieved from FRED.