Average Weekly Hours of All Employees: Total Private in Nebraska
Annual
SMU31000000500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
-2.35%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the annual average of total employment in the United States. This provides important insights into the overall health and performance 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 level of total employment across all industries and sectors in the U.S. over the course of a calendar year. This metric is widely used by economists, policymakers, and market analysts to assess broad labor market conditions and economic trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is a key indicator referenced by the Federal Reserve and other institutions when evaluating monetary and fiscal policy decisions.
Key Facts
- The Annual Trend reached a record high of over 151 million jobs in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The Annual Trend is published with a one-month lag.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average level of total employment across all industries and sectors in the United States over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend provides important insights into the overall health and performance of the U.S. labor market, making it a key indicator referenced by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is a key indicator referenced by the Federal Reserve and other institutions when evaluating monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend is published with a one-month lag.
Related Trends
Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Nebraska
SMU31000003200000030A
All Employees: Wholesale Trade in Nebraska
SMS31000004100000001
Chain-Type Quantity Index for Real GDP: Social Assistance (624) in Nebraska
NESOCASSQGSP
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Nebraska
NEPCEPCODURG
Management of Companies and Enterprises Earnings in Nebraska
NEEMAN
Average Weekly Hours of All Employees: Goods Producing in Nebraska
SMU31000000600000002A
Citation
U.S. Federal Reserve, Annual (SMU31000000500000002A), retrieved from FRED.