All Employees: Financial Activities: Insurance Carriers and Related Activities in Minnesota
Annual
SMU27000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.30
Year-over-Year Change
36.17%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Trend measures the annual average employment in the United States. This key economic indicator provides insights into the overall health and growth 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 average number of jobs in the U.S. over a 12-month period. It is a widely followed metric that helps economists and policymakers assess long-term employment trends and the strength of the broader economy.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is used to inform economic policies and forecast future labor market conditions.
Key Facts
- The Annual Trend reached a record high of 153.1 million jobs in 2019.
- The COVID-19 pandemic caused the Annual Trend to decline by 5.8% in 2020.
- The Annual Trend is a key indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average number of jobs in the United States over a 12-month period, providing insights into the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a widely followed metric that helps economists and policymakers assess long-term employment trends and the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is used to inform economic policies and forecast future labor market conditions.
Q: Are there update delays or limitations?
A: The Annual Trend data is typically released with a one-month delay by the U.S. Bureau of Labor Statistics.
Related Trends
Average Weekly Hours of Production Employees: Financial Activities: Finance and Insurance in Minnesota
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Gross Domestic Product: Trade (42, 44-45) in Minnesota
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Citation
U.S. Federal Reserve, Annual (SMU27000005552400001A), retrieved from FRED.