Average Weekly Hours of All Employees: Professional and Business Services in Minnesota
Monthly
SMU27000006000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
4.11%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly trend measures the total number of employees on nonfarm payrolls in the United States. This key economic indicator provides insights into the overall health and growth 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 Monthly trend, published by the U.S. Bureau of Labor Statistics, represents the total number of workers employed in the private and public sectors, excluding farm workers, private household employees, and nonprofit organization employees. It is a widely watched metric used by economists, policymakers, and market analysts to assess the strength of the American economy.
Methodology
The data is collected through a monthly survey of business establishments.
Historical Context
The Monthly employment trend is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The U.S. economy added 528,000 jobs in July 2022.
- The unemployment rate fell to 3.5% in July 2022, matching a 50-year low.
- The Monthly trend is released on the first Friday of each month.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the total number of employees on nonfarm payrolls in the United States, providing insights into the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The Monthly employment trend is a key economic indicator used by policymakers, economists, and market participants to assess the strength and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly employment trend is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets to gauge the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The Monthly employment data is released on the first Friday of each month, with a one-month lag, and is subject to revisions as more complete information becomes available.
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Citation
U.S. Bureau of Labor Statistics, Total Nonfarm Payrolls (SMU27000006000000002), retrieved from FRED.