All Employees: Professional and Business Services in Maryland
Annual, Not Seasonally Adjusted
SMU24000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
484.90
Year-over-Year Change
17.64%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator measures the annual, not seasonally adjusted employment level in the United States. It provides insights into long-term labor market trends, which are crucial for economic policy and business decision-making.
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, not seasonally adjusted employment level tracks the total number of employed persons in the U.S. economy on a yearly basis, without adjusting for typical seasonal fluctuations. This broad measure of labor market activity is widely used by economists, policymakers, and analysts to assess the overall health and direction of the economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The annual employment level reached a record high of 157.5 million in 2019.
- The COVID-19 pandemic led to a significant decline in annual employment in 2020.
- Employment levels are a key indicator of economic health and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the United States, providing insights into long-term labor market trends.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted employment level is a crucial indicator of the overall health and direction of the economy, and is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual employment level is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is released with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
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All Employees: Information: Telecommunications in Maryland
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Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Maryland
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Monthly State Retail Sales: Food and Beverage Stores in Maryland
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Residence Adjustment in Maryland
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Average Hourly Earnings of All Employees: Total Private in Maryland
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU24000006000000001A), retrieved from FRED.