All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Montana
Annual, Not Seasonally Adjusted
SMU30000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.20
Year-over-Year Change
28.16%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual average, not seasonally adjusted number of private nonfarm payroll jobs in the United States. It 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, Not Seasonally Adjusted private nonfarm payroll data tracks the total number of jobs across various industries, excluding government workers. This broad measure is widely used by economists and policymakers to assess the strength and trajectory of the U.S. economy.
Methodology
The data is collected through surveys of private businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions around fiscal and monetary policy.
Key Facts
- The annual average private nonfarm payroll in the U.S. was over 128 million jobs in 2022.
- This trend has recovered to pre-pandemic levels after the COVID-19 recession.
- The services sector accounts for the majority of private nonfarm payroll jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average, not seasonally adjusted number of private nonfarm payroll jobs in the United States.
Q: Why is this trend relevant for users or analysts?
A: The private nonfarm payroll data is a broad indicator of the overall health and growth of the U.S. labor market, providing insight into economic conditions that is highly relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform decisions around fiscal and monetary policy, as it provides a comprehensive view of the U.S. labor market.
Q: Are there update delays or limitations?
A: There may be slight delays in the release of the latest data, but the annual, not seasonally adjusted private nonfarm payroll data is a comprehensive and timely measure of the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU30000007071000001A), retrieved from FRED.