All Employees: Service-Providing in Maine
Annual
SMU23000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568.80
Year-over-Year Change
9.45%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual series measures the annual average of monthly employment levels in the United States. This key economic indicator provides valuable insights into the overall strength and stability 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 series represents the average of the 12 monthly employment levels over a full calendar year. It offers a comprehensive view of national employment trends, capturing seasonal fluctuations and long-term growth patterns. Economists and policymakers closely monitor this series to assess the health of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly sample survey of businesses and government agencies.
Historical Context
The Annual employment series is a crucial input for economic analysis and policy decisions related to the labor market, consumer spending, and overall economic performance.
Key Facts
- The Annual series dates back to 1939.
- It covers all non-farm payroll employment in the United States.
- The series is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the annual average of monthly employment levels in the United States, providing a comprehensive view of national employment trends.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment series is a crucial indicator for assessing the health of the U.S. labor market and the overall economy, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly sample survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual employment series is a key input for policymakers and economists in analyzing labor market conditions, consumer spending, and overall economic performance.
Q: Are there update delays or limitations?
A: The Annual employment series is released monthly by the U.S. Bureau of Labor Statistics, with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Annual (SMU23000000700000001A), retrieved from FRED.