All Employees: Information in Nebraska
Annual, Not Seasonally Adjusted
SMU31000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.60
Year-over-Year Change
-1.12%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures total private nonfarm employment in the United States. It provides a broad indicator of economic activity and labor market conditions.
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 total private nonfarm employment metric tracks the number of workers employed in the private sector, excluding government, farm, and household workers. It is a widely used barometer of the overall strength and direction of the U.S. economy.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor private employment trends to assess the health of the labor market and make informed economic decisions.
Key Facts
- The U.S. private sector employs over 130 million workers.
- Private employment is a key driver of economic growth and consumer spending.
- The private employment metric excludes government, farm, and household workers.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of private sector workers employed in the United States, excluding government, farm, and household employees.
Q: Why is this trend relevant for users or analysts?
A: Private employment is a critical indicator of economic health and labor market conditions, providing insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor private employment trends to assess the strength of the labor market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU31000005000000001A), retrieved from FRED.