All Employees: Leisure and Hospitality in Minnesota
Annual, Not Seasonally Adjusted
SMU27000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
272.50
Year-over-Year Change
11.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted number of employees in the private sector in the United States. It provides insight into overall employment patterns and labor market conditions.
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 series tracks the total number of private sector employees in the U.S. on an annual basis without adjusting for seasonal variations. It is a key indicator of the strength and growth of the overall economy.
Methodology
The data is collected through surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economists, and market analysts to assess the health of the U.S. labor market and broader economic conditions.
Key Facts
- The U.S. private sector employed over 125 million workers in 2022.
- Annual private sector employment has grown by over 15% since the Great Recession.
- Service-providing industries account for over 80% of private sector jobs in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector employees in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This employment indicator provides important insights into the overall strength and growth of the U.S. economy, helping policymakers, economists, and market participants assess labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This annual employment data is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU27000007000000001A), retrieved from FRED.