Average Weekly Earnings of All Employees: Total Private in Maryland
Monthly
SMU24000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,198.85
Year-over-Year Change
3.67%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the monthly change in total nonfarm employment in the United States. It is a key indicator of the overall health and direction of the U.S. economy.
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 Monthly trend is a widely followed economic indicator that tracks changes in total nonfarm payroll employment, which includes all jobs except those in the farming industry. It is used by economists, policymakers, and market analysts to assess the strength of the labor market and broader economic conditions.
Methodology
The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly employment trend is closely watched by the Federal Reserve and other policymakers to inform decisions on monetary policy and support stable economic growth.
Key Facts
- The U.S. economy added 528,000 jobs in July 2022.
- The unemployment rate fell to 3.5% in July 2022, matching a 50-year low.
- The Monthly trend is released on the first Friday of each month by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the monthly change in total nonfarm employment in the United States, including all jobs except those in the farming industry.
Q: Why is this trend relevant for users or analysts?
A: The Monthly employment trend is a key indicator of the overall health and direction of the U.S. economy, used by economists, policymakers, and market analysts to assess the strength of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly employment trend is closely watched by the Federal Reserve and other policymakers to inform decisions on monetary policy and support stable economic growth.
Q: Are there update delays or limitations?
A: The Monthly trend is released on the first Friday of each month by the Bureau of Labor Statistics, with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly (SMU24000000500000011), retrieved from FRED.