Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Ohio
Annual
SMU39000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.63
Year-over-Year Change
44.30%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the annual average employment level in the United States. This fundamental economic indicator provides insights into the overall strength and resilience of the US 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 jobs in the US economy over a 12-month period. It is a widely referenced metric that reflects the general employment conditions and labor force participation in the country.
Methodology
The data is collected through surveys of business establishments by the US Bureau of Labor Statistics.
Historical Context
The Annual Trend informs economic policy decisions and is closely monitored by policymakers, analysts, and investors.
Key Facts
- The Annual Trend reached a peak of 146.6 million jobs in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The Annual Trend is a key input for measuring GDP and other macroeconomic indicators.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average number of non-farm jobs in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a fundamental indicator of the overall health and performance of the US labor market, which is crucial for assessing economic growth and making policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the US Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by policymakers, economists, and market analysts to gauge the strength of the US economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual Trend data is released on a monthly basis with a relatively short delay, making it a timely indicator of labor market conditions.
Related Trends
Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Ohio
SMU39000003100000030
Per Capita Personal Consumption Expenditures: Services: Food Services and Accommodations for Ohio
OHPCEPCFDSRVACCMD
All Employees: Government: Local Government Educational Services in Ohio
SMU39000009093161101SA
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Ohio
OHTEXTNGSP
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Ohio
OHEDHLTHSOCASSNGSP
All Employees: Accounting, Tax Preparation, Bookkeeping, and Payroll Services in Ohio
SMU39000006054120001A
Citation
U.S. Federal Reserve, Annual (SMU39000004000000003A), retrieved from FRED.