All Employees: Manufacturing: Non-Durable Goods in Montana
Annual
SMU30000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
18.57%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of all employees in the private sector for the United States. This key indicator provides insight 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 Annual trend represents the average number of private sector employees in the U.S. over a one-year period. It is a widely watched metric that economists and policymakers use to assess employment conditions and economic performance.
Methodology
The data is collected through monthly surveys of U.S. businesses and establishments.
Historical Context
Trends in annual private employment are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Key Facts
- The annual average reached a peak of 116.1 million in 2019.
- Private sector employment fell sharply during the COVID-19 pandemic in 2020.
- The annual average has generally trended upward since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of private sector employees in the United States over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: This key employment indicator provides insights into the overall health and growth of the U.S. labor market, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and establishments.
Q: How is this trend used in economic policy?
A: Trends in annual private employment are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU30000003200000001A), retrieved from FRED.