All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Minnesota
Annual
SMU27000004142300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.20
Year-over-Year Change
23.81%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Trend measures the annual average of total civilian employment in the United States. It is a key indicator of the overall health and strength 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 Trend represents the yearly average of the total number of employed persons in the civilian non-institutional population of the United States. This metric provides insight into long-term employment trends and is widely used by economists, policymakers, and analysts to assess the performance of the U.S. economy.
Methodology
The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is a crucial data point referenced by the Federal Reserve and other institutions when evaluating economic conditions and making policy decisions.
Key Facts
- The Annual Trend reached a record high of 157.5 million employed persons in 2019.
- Employment declined sharply in 2020 due to the COVID-19 pandemic, then rebounded in 2021.
- Historically, the Annual Trend has shown steady growth, reflecting the expansion of the U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the yearly average of total civilian employment in the United States, providing insight into long-term labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and strength of the U.S. economy, and is widely used by economists, policymakers, and analysts to assess economic performance.
Q: How is this data collected or calculated?
A: The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is a crucial data point referenced by the Federal Reserve and other institutions when evaluating economic conditions and making policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is released with a short delay, typically within a few weeks of the end of the reference year.
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Citation
U.S. Federal Reserve, Annual (SMU27000004142300001A), retrieved from FRED.