All Employees: Total Nonfarm in Louisiana
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU22000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,982.30
Year-over-Year Change
2.73%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual basis, without seasonal adjustments. It provides a broad indicator of the overall health and size of the U.S. 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 'Thousands of Persons, Annual, Not Seasonally Adjusted' series tracks the total employment level in the United States. It is a widely followed metric used by economists, policymakers, and analysts to assess the strength and trends within the U.S. labor force.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key input for evaluating the state of the economy and informing monetary and fiscal policy decisions.
Key Facts
- The annual employment level in the U.S. was over 157 million in 2021.
- Employment has steadily increased since the Great Recession, with a dip in 2020 due to the COVID-19 pandemic.
- The U.S. labor force participation rate was 61.7% as of 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, without seasonal adjustments. It provides a broad indicator of the overall size and health of the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: The total employment level is a key economic indicator used by policymakers, economists, and market analysts to assess the strength of the U.S. labor force and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment trend is a crucial input for monetary and fiscal policy decisions, as it reflects the overall state of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a several-month lag and does not account for seasonal variations in hiring patterns.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU22000000000000001A), retrieved from FRED.