All Employees: Private Service Providing in Minnesota
Annual
SMU27000000800000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,118.00
Year-over-Year Change
11.10%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total annual employment in the United States. It is a key economic indicator used by policymakers and analysts to assess the overall health of the 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 trend represents the total number of people employed in the U.S. over the course of a calendar year. It provides a comprehensive view of employment levels and labor force participation, which are crucial for evaluating macroeconomic conditions and informing policy decisions.
Methodology
The data is collected through monthly surveys of U.S. households by the Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored by the Federal Reserve, Congress, and private sector economists to gauge the strength of the economy and guide policy responses.
Key Facts
- The Annual employment trend reached a record high of over 157 million in 2019.
- Employment levels dropped sharply in 2020 due to the COVID-19 pandemic.
- Annual employment data is a key input for calculating the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of people employed in the United States over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a crucial indicator of the overall health of the labor market and the broader economy, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is used by the Federal Reserve, Congress, and private sector economists to assess macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is released with a lag, as it is aggregated from monthly surveys throughout the year.
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Citation
U.S. Federal Reserve, Annual (SMU27000000800000001A), retrieved from FRED.