All Employees: Total Private in Ohio
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU39000000500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,860.80
Year-over-Year Change
9.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series represents the total number of persons employed in the United States, measured in thousands. It is a key indicator of overall economic activity and labor market health.
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 employed population in the U.S. on a yearly basis without adjusting for seasonal fluctuations. This broad metric is widely used by economists and policymakers to assess the strength and trajectory of the national labor force.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Trends in total employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. employed over 157 million people in 2021.
- Employment levels fell sharply during the COVID-19 pandemic but have since recovered.
- The employment-population ratio was 59.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of persons employed in the United States on an annual, not seasonally adjusted basis. It provides a broad indicator of the size and strength of the national labor force.
Q: Why is this trend relevant for users or analysts?
A: Total employment is a key metric used by economists, policymakers, and market analysts to assess the overall health and direction of the U.S. economy. It informs decisions around monetary policy, fiscal stimulus, and other economic interventions.
Q: How is this data collected or calculated?
A: The data is gathered through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in total employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions, such as interest rate adjustments and employment-focused stimulus measures.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment data is published with a lag of several months, so the most recent figures may not fully reflect the current state of the labor market.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU39000000500000001A), retrieved from FRED.