All Employees: Other Services in Louisiana
Annual
SMU22000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.60
Year-over-Year Change
10.03%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Trend measures the year-over-year change in total private non-farm employment in the United States. This key economic indicator provides insight into 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 tracks the percentage change in total private employment from one year to the next. This metric is closely monitored by economists, policymakers, and analysts to assess the strength and direction of the U.S. economy.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
The Annual Trend is a widely referenced indicator used to inform economic policy decisions and market forecasts.
Key Facts
- The Annual Trend reached a high of 2.7% in 2022.
- Private sector employment accounts for over 80% of total U.S. employment.
- The metric is released monthly as part of the Employment Situation report.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the year-over-year percentage change in total private non-farm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and direction of the U.S. labor market, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by policymakers and economists to inform decisions and forecasts related to economic growth, employment, and monetary policy.
Q: Are there update delays or limitations?
A: The Annual Trend data is released monthly as part of the Employment Situation report, with a typical delay of one to two weeks.
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Citation
U.S. Federal Reserve, Annual (SMU22000008000000001A), retrieved from FRED.