All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Maryland
Annual
SMU24000004142300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.90
Year-over-Year Change
1.58%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the total number of nonfarm payroll employees in the United States. This provides insight into the overall strength and direction of the US 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 tracks the total number of workers on nonfarm payrolls in the US, excluding farm workers, private household employees, and nonprofit organization employees. It is a key economic indicator used to assess the health and growth of the labor market.
Methodology
Data is collected through monthly surveys of business establishments by the US Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, analysts, and investors to gauge the broader economic conditions and outlook.
Key Facts
- Annual US nonfarm payroll employment is over 150 million workers.
- The Annual trend rebounded strongly in 2021 after pandemic-related losses.
- Manufacturing accounts for about 12% of total US nonfarm payroll employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insight into the overall strength and direction of the US economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the US Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this employment metric to gauge broader economic conditions and the outlook.
Q: Are there update delays or limitations?
A: The Annual data is released monthly with a brief lag, providing timely information on employment trends.
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Citation
U.S. Federal Reserve, Annual (SMU24000004142300001A), retrieved from FRED.