Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Massachusetts
Annual
SMU25000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.69
Year-over-Year Change
36.34%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of employment in the United States. This metric is vital for policymakers and economists to assess the overall health and trajectory of the U.S. 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 represents the yearly average of total employment figures across all sectors and industries in the United States. It is a key barometer of economic activity and a crucial data point for understanding broader trends in the job market.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This annual employment metric is closely monitored by the Federal Reserve, government policymakers, and private sector analysts to inform economic and monetary policy decisions.
Key Facts
- The annual average employment figure in the U.S. was over 152 million in 2022.
- Employment levels fluctuate seasonally, with the highest annual averages typically in the summer months.
- Annual employment data is a lagging indicator, with a one-month delay in release.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of total employment across all sectors of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic health and a crucial data point for understanding labor market trends.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual employment figure is closely monitored by the Federal Reserve, government policymakers, and private sector analysts to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is a lagging indicator, with a one-month delay in release.
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Citation
U.S. Federal Reserve, Annual (SMU25000004000000003A), retrieved from FRED.