All Employees: Professional and Business Services in Louisiana
Annual
SMU22000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.70
Year-over-Year Change
9.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual employment trend measures total nonfarm employment in the United States on an annual basis. This key economic indicator is widely used by policymakers, analysts, and researchers to assess the overall health and performance 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 Annual employment trend provides a comprehensive snapshot of the U.S. workforce, tracking the total number of nonfarm jobs across the country on a yearly basis. This high-level statistic offers important insights into broad economic conditions and helps identify long-term employment patterns and trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a crucial input for economic policy decisions and serves as a barometer for the overall strength of the U.S. economy.
Key Facts
- The U.S. economy added over 6 million jobs in 2022.
- The unemployment rate fell to 3.5% in 2022, a 50-year low.
- The services sector accounted for the majority of new jobs in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual employment trend measures the total number of nonfarm jobs in the United States on a yearly basis, providing a comprehensive view of the overall labor market.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the health and performance of the U.S. economy, helping policymakers, economists, and investors assess broad economic conditions and long-term employment patterns.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a crucial input for economic policy decisions, serving as a barometer for the overall strength of the U.S. economy and informing the actions of policymakers, central bankers, and other market participants.
Q: Are there update delays or limitations?
A: The Annual employment data is typically released with a short delay, as it requires compiling and aggregating the monthly CES survey results. There may also be occasional revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU22000006000000001A), retrieved from FRED.