All Employees: Service-Providing in Montana
Annual, Not Seasonally Adjusted
SMU30000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
460.30
Year-over-Year Change
18.00%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the annual, not seasonally adjusted total private employment for the United States. It provides valuable insights into long-term labor market trends without the influence of seasonal fluctuations.
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 total private employment metric represents the total number of individuals employed in the private sector over a 12-month period, without adjustments for typical seasonal variations. This metric offers a broader perspective on labor market health and can help identify underlying shifts in the economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to gauge the overall strength and stability of the U.S. economy.
Key Facts
- The annual, not seasonally adjusted total private employment reached a record high of 125.8 million in 2019.
- This metric experienced a significant decline during the COVID-19 pandemic, dropping to 114.1 million in 2020.
- The private sector accounts for approximately 84% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of individuals employed in the private sector over a 12-month period, without adjustments for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into long-term labor market trends and the overall strength and stability of the U.S. economy, which is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to gauge the overall health and direction of the U.S. labor market and economy.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU30000000700000001A), retrieved from FRED.