All Employees: Total Nonfarm in Ohio
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU39000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,650.40
Year-over-Year Change
8.63%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual basis without seasonal adjustments. It is a key indicator of the overall health and strength 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 'Thousands of Persons, Annual, Not Seasonally Adjusted' series tracks the total employment levels in the United States irrespective of seasonal hiring patterns. Economists and policymakers closely monitor this metric to assess long-term employment trends and gauge the resilience of the broader economy.
Methodology
The data is collected through monthly surveys of U.S. households conducted by the Bureau of Labor Statistics.
Historical Context
This employment trend is widely used to inform economic policy decisions and to analyze the performance of the U.S. labor market.
Key Facts
- The U.S. employed over 152 million people in 2021.
- Employment levels reached a record high in 2019 before the COVID-19 pandemic.
- The services sector accounts for the largest share of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, without adjusting for seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is closely watched by economists and policymakers as it provides insight into the overall health and strength of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is widely used to inform economic policy decisions and to analyze the performance of the U.S. labor market.
Q: Are there update delays or limitations?
A: The annual employment data is typically published with a several-month delay, and does not account for seasonal hiring patterns.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU39000000000000001A), retrieved from FRED.