All Employees: Total Nonfarm in Minnesota
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU27000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,013.90
Year-over-Year Change
10.57%
Date Range
1/1/1950 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual, non-seasonally adjusted basis. It provides important insights into the overall state 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 'Thousands of Persons, Annual, Not Seasonally Adjusted' series represents the total number of employed individuals in the U.S. economy over a given year. This metric is closely watched by economists and policymakers as an indicator of economic health and labor market conditions.
Methodology
The data is collected through surveys of U.S. households and businesses by the Bureau of Labor Statistics.
Historical Context
This trend is widely used to assess the strength of the U.S. economy and inform policy decisions.
Key Facts
- The annual employment level reached a record high of 155 million in 2019.
- Employment levels experienced a sharp decline during the COVID-19 pandemic in 2020.
- The manufacturing sector accounts for approximately 10% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the overall health and strength of the U.S. labor market, which is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this employment trend to inform decisions on monetary and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU27000000000000001A), retrieved from FRED.