All Employees: Financial Activities: Insurance Carriers and Related Activities in Illinois
Annual, Not Seasonally Adjusted
SMU17000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.50
Year-over-Year Change
13.20%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted employment levels in the private sector in California. It provides insights into the state's labor market and broader economic conditions.
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, not seasonally adjusted employment series tracks the total number of private sector jobs in California on a yearly basis without adjusting for typical seasonal fluctuations. This metric offers a high-level view of long-term employment trends in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and investors to gauge the health of California's economy.
Key Facts
- California accounts for over 14% of total U.S. employment.
- Private sector jobs make up about 85% of total employment in California.
- Employment levels in California hit a record high in 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector jobs in California on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the long-term health and direction of California's labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this employment trend to assess the strength of California's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: There can be lags of several months in the release of this annual, not seasonally adjusted employment data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000005552400001A), retrieved from FRED.