Average Weekly Earnings of All Employees: Construction in Louisiana
Annual
SMU22000002000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,429.00
Year-over-Year Change
47.77%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Economic Trend measures the average annual change in U.S. nonfarm payroll employment. This key economic indicator helps policymakers and analysts assess the overall health and momentum 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 Economic Trend tracks the year-over-year percentage change in total nonfarm payroll employment in the United States. This metric is a widely used barometer of economic activity and a crucial input for federal monetary and fiscal policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Annual Economic Trend are closely monitored by the Federal Reserve, Congress, and private sector analysts to gauge the strength of the U.S. economy.
Key Facts
- The Annual Economic Trend reached a record high of 5.0% in 2021.
- The metric dropped to -5.8% in 2020 due to the COVID-19 pandemic.
- Historically, the Annual Trend has averaged around 1.5% per year.
FAQs
Q: What does this economic trend measure?
A: The Annual Economic Trend measures the year-over-year percentage change in total nonfarm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator helps policymakers and economists assess the overall health and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Annual Economic Trend are closely monitored by the Federal Reserve, Congress, and private sector analysts to gauge the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual Economic Trend data is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU22000002000000011A), retrieved from FRED.