All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Ohio
Annual
SMU39000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.60
Year-over-Year Change
17.05%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of total civilian employment in the United States. This metric 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 Annual trend represents the annual average of the Total Nonfarm Payrolls statistic, which tracks the total number of paid U.S. workers excluding proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. This provides a comprehensive view of employment levels across the economy.
Methodology
The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely watched by policymakers, economists, and market analysts as a barometer of economic conditions and the strength of labor demand.
Key Facts
- The U.S. economy added an average of 2.3 million jobs per year from 2015-2019.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- The services sector accounts for approximately 80% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of total civilian employment in the United States, providing a comprehensive view of employment levels across the economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and strength of the U.S. labor market, which is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is used by policymakers, economists, and market analysts as a barometer of economic conditions and the strength of labor demand.
Q: Are there update delays or limitations?
A: The Annual employment data is released on a monthly basis with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual (SMU39000004244400001A), retrieved from FRED.