Average Hourly Earnings of Production Employees: Manufacturing in Indiana
Annual
SMU18000003000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.88
Year-over-Year Change
40.27%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures total employment in the U.S. It is a key economic indicator used by policymakers and analysts to assess 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 represents the total number of employed persons in the United States on an annual basis. It is an important macroeconomic statistic that provides insight into the strength and dynamics of the U.S. workforce.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
Employment trends are closely watched by the Federal Reserve and other policymakers to inform decisions on monetary policy and evaluate the broader economic climate.
Key Facts
- The Annual trend reached a record high of 157.5 million employed persons in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The U.S. has regained most but not all jobs lost during the 2020 recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employed persons in the United States on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: Employment is a crucial indicator of economic health, as it reflects the strength of the labor market and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Employment trends are closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and evaluate the broader economic climate.
Q: Are there update delays or limitations?
A: The Annual employment trend is released with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU18000003000000008A), retrieved from FRED.