All Employees: Total Nonfarm in Maine
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU23000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
657.90
Year-over-Year Change
9.92%
Date Range
1/1/1939 - 1/1/2024
Summary
This annual economic trend measures the total number of persons employed in the United States. It provides a high-level view of national labor market conditions and is a key indicator for policymakers and analysts.
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 represents the total number of employed individuals in the U.S. economy on an annual basis. This broad employment metric is widely used to gauge the overall health and direction of the labor market.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve, government agencies, and private sector analysts to inform economic and policy decisions.
Key Facts
- The annual employment level in the U.S. was over 153 million as of the latest data.
- Employment levels have generally trended upward over the past decade.
- Fluctuations in this metric can signal broader changes in economic conditions.
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, providing a high-level view of national labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The total employment level is a key economic indicator that is closely watched by policymakers, economists, and market participants to assess the overall health and direction of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is monitored by the Federal Reserve and other government agencies to inform economic and policy decisions, as fluctuations in the total number of persons employed can signal broader changes in economic conditions.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU23000000000000001A), retrieved from FRED.