All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Maryland
Annual
SMU24000004142400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.50
Year-over-Year Change
5.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of the total number of nonfarm jobs in the United States. It provides a comprehensive overview of changes in the labor market and is a key indicator of economic health.
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 represents the yearly average of total nonfarm employment in the U.S. economy. It is a broad measure of job creation and business activity, and is closely monitored by economists, policymakers, and market analysts.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Historical Context
The Annual trend is a critical input for economic policy decisions and serves as a gauge of the overall strength of the U.S. labor market.
Key Facts
- The Annual trend reached a peak of 151.4 million jobs in 2019.
- The COVID-19 pandemic caused a sharp decline in Annual employment in 2020.
- Annual employment has since recovered but remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of total nonfarm employment in the United States, providing a comprehensive view of job creation and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic health and is closely monitored by economists, policymakers, and market participants to assess the overall strength of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through the Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: The Annual trend is a critical input for economic policy decisions, as it provides a comprehensive gauge of the U.S. labor market that informs policy actions and responses.
Q: Are there update delays or limitations?
A: The Annual trend data is released with a short delay, typically within a few weeks of the end of the calendar year. There are no significant limitations to the data.
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Citation
U.S. Federal Reserve, Annual (SMU24000004142400001A), retrieved from FRED.