Average Hourly Earnings of All Employees: Leisure and Hospitality in Mississippi
Annual
SMU28000007000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.53
Year-over-Year Change
34.06%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of the seasonally adjusted number of total nonfarm employees in the United States. This metric is a key indicator of the overall health and growth of the U.S. 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 trend represents the average number of people employed in non-agricultural jobs in the U.S. over a 12-month period. It is widely used by economists, policymakers, and analysts to assess the strength and direction of the labor market and broader economic conditions.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a critical input for the Federal Reserve and other institutions when making monetary policy decisions.
Key Facts
- The U.S. economy added an average of 194,000 jobs per month in 2022.
- The unemployment rate in the U.S. fell to 3.5% in 2022, the lowest level since 1969.
- The Annual employment trend has recovered to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of people employed in non-agricultural jobs in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and growth of the U.S. economy, and is closely watched by economists, policymakers, and market participants.
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 employment trend is a critical input for the Federal Reserve and other institutions when making monetary policy decisions to support economic growth and stability.
Q: Are there update delays or limitations?
A: The Annual employment trend is published monthly, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (SMU28000007000000003A), retrieved from FRED.