Average Weekly Hours of All Employees: Manufacturing in Mississippi
Annual
SMU28000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
-2.20%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the total annual employment in the United States. It is a key indicator of the overall health and growth of the US economy.
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 employment trend tracks the total number of people employed in the US on an annual basis. It is a widely followed metric used by economists, policymakers, and analysts to assess the strength of the labor market and broader economic conditions.
Methodology
The data is collected through surveys of businesses and households by the US Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- Annual employment in the US reached a record high of over 157 million in 2019.
- The COVID-19 pandemic caused a sharp decline in annual employment in 2020.
- Annual employment growth is a key factor in determining the pace of overall economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of people employed in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Annual employment is a critical indicator of the overall health and growth of the US economy, and is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households conducted by the US Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a key input for the Federal Reserve and other government agencies in formulating economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is released with a short lag, usually within a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU28000003000000002A), retrieved from FRED.