All Employees: Total Private in Minnesota
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU27000000500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,583.30
Year-over-Year Change
11.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total annual employment in thousands of persons, not seasonally adjusted, for the United States. It is a key indicator of labor market health and economic activity.
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. on an annual basis, without adjustments for seasonal variations. This metric is widely used by economists and policymakers to assess the strength and trajectory of the national labor force.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. employed over 158 million people in 2021.
- Employment levels fluctuate with economic cycles.
- The annual data is not adjusted for seasonal variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual employment in the United States, reported in thousands of persons and not seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the overall health and strength of the U.S. labor market, providing important context for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this employment trend to inform decisions on monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a short delay and does not account for seasonal variations in hiring and layoffs.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU27000000500000001A), retrieved from FRED.