All Employees: Other Services in Maryland
Annual, Not Seasonally Adjusted
SMU24000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.50
Year-over-Year Change
-4.55%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total number of nonfarm jobs in the U.S. over a 12-month period. This provides a high-level view of long-term employment patterns across the 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
This annual, not seasonally adjusted metric tracks the total number of nonfarm jobs in the United States, including both private and government positions. It offers a comprehensive, non-seasonal perspective on the overall health and trajectory of the U.S. labor market.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the broader strength and stability of the U.S. economy.
Key Facts
- The U.S. had over 150 million nonfarm jobs as of the latest annual period.
- Nonfarm payrolls have grown by over 20 million jobs since the 2008-2009 recession.
- The annual not seasonally adjusted metric provides a long-term view of employment trends.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total number of nonfarm jobs in the United States over a 12-month period, providing a comprehensive view of long-term employment patterns.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and market participants as a key indicator of the overall health and trajectory of the U.S. labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual nonfarm payrolls metric is a crucial input for policymakers at the Federal Reserve and other institutions when evaluating the strength of the economy and making decisions on monetary policy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted nonfarm payrolls data is published with a short delay, typically a few weeks after the end of the 12-month period.
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Citation
U.S. Federal Reserve, Total Nonfarm Payrolls, Not Seasonally Adjusted (SMU24000008000000001A), retrieved from FRED.