All Employees: Construction: Residential Building Construction in Minnesota
Annual, Not Seasonally Adjusted
SMU27000002023610001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.20
Year-over-Year Change
72.34%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment levels in the United States. It provides important insights into the underlying trends in 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, Not Seasonally Adjusted employment data tracks the total number of workers in the U.S. without adjusting for typical seasonal variations. This metric gives economists and policymakers a clearer picture of the long-term employment trajectory.
Methodology
The data is collected through surveys of U.S. employers and households by the Bureau of Labor Statistics.
Historical Context
This trend is widely used to analyze the health of the overall labor market and inform economic policy decisions.
Key Facts
- The U.S. had over 157 million employed workers in 2022.
- Annual employment levels can vary significantly from month to month.
- This metric excludes seasonal adjustments to show the true year-over-year trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed workers in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the underlying strength and trajectory of the U.S. labor market, without the distortion of seasonal employment patterns.
Q: How is this data collected or calculated?
A: The data is collected through employer and household surveys conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this annual employment trend to assess the overall health of the labor market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be a several month delay in the release of the latest annual, not seasonally adjusted employment data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU27000002023610001A), retrieved from FRED.