Average Hourly Earnings of All Employees: Other Services in Indiana
Annual
SMU18000008000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.56
Year-over-Year Change
43.12%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual employment trend measures the total employment of workers in the United States over a 12-month period. It provides a broad overview of the labor market and economic activity.
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 employment statistic tracks the number of non-farm employees across the country. It is a key indicator used by economists, policymakers, and market analysts to assess the overall health and direction of the U.S. economy.
Methodology
The data is collected through surveys of business establishments nationwide.
Historical Context
Trends in annual employment are closely watched for their implications on consumer spending, inflation, and monetary policy.
Key Facts
- Annual employment reached a record high in 2019.
- The COVID-19 pandemic caused a significant decline in annual employment in 2020.
- Annual employment growth is a leading indicator of overall economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual employment trend measures the total number of non-farm employees in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Annual employment is a key indicator of the overall health and direction of the U.S. economy, with implications for consumer spending, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments nationwide.
Q: How is this trend used in economic policy?
A: Trends in annual employment are closely watched by economists, policymakers, and market analysts to assess the state of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual employment data is subject to revisions and may have a lag in reporting compared to more frequent employment metrics.
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Citation
U.S. Federal Reserve, Annual (SMU18000008000000003A), retrieved from FRED.