Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska
Annual
SMU31000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.97
Year-over-Year Change
52.18%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of employment levels for total private industries in the United States. This key economic indicator provides insights into the overall health and growth of the private sector 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 people employed in private-sector jobs across the U.S. economy over a 12-month period. It is a widely tracked metric used by economists, policymakers, and investors to assess the strength and direction of the national job market.
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 crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The Annual trend reached a peak of 116.5 million jobs in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The private sector accounts for approximately 85% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of employment in private-sector jobs across 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. private-sector labor market, providing important insights for economic policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government to support employment and economic growth.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a slight delay, typically within a few months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual (SMU31000004000000003A), retrieved from FRED.