Average Weekly Hours of All Employees: Leisure and Hospitality in Nebraska
Annual
SMU31000007000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.20
Year-over-Year Change
-2.20%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of employment levels in the United States. This metric is a key indicator of 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 employment level across all sectors and industries in the U.S. over a 12-month period. It is a widely followed indicator used by economists, policymakers, and analysts to gauge the strength and stability of the American workforce.
Methodology
The data is collected through monthly surveys of a representative sample of U.S. businesses.
Historical Context
Trends in annual employment levels are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The annual average employment level in the U.S. was 156.9 million in 2022.
- Employment levels have recovered to pre-pandemic highs after the COVID-19 recession.
- Manufacturing and service sectors account for the majority of annual employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of employment across all sectors of the U.S. economy over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual employment level is a key indicator of the overall health and performance of the U.S. labor market, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of U.S. businesses.
Q: How is this trend used in economic policy?
A: Trends in annual employment levels are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is released with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU31000007000000002A), retrieved from FRED.