All Employees: Professional and Business Services in Ohio
Annual, Not Seasonally Adjusted
SMU39000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
731.30
Year-over-Year Change
7.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the United States. It provides important insight into long-term employment patterns and labor market dynamics.
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, Not Seasonally Adjusted employment level tracks the total number of employed persons in the U.S. economy on an annual basis, without adjusting for seasonal variations. This metric is a key indicator of the overall health and strength of the labor market.
Methodology
The data is collected through the Current Population Survey, a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this trend to assess the trajectory of the U.S. economy and inform policy decisions.
Key Facts
- The annual employment level reached a record high of 157.5 million in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The service sector accounts for the largest share of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted employment level is a key indicator of the overall health and strength of the U.S. labor market, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly survey of households conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the trajectory of the U.S. economy and inform policy decisions, such as monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual employment data is subject to periodic revisions and may have a delay of several months before being finalized and published.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Ohio
OHPCEPCLRPTSLSGSNPIS
Housing Inventory: Price Increased Count in Ohio
PRIINCCOUOH
Other Services (Except Public Administration) Wages and Salaries in Ohio
OHWOTH
Average Hourly Earnings of Production Employees: Durable Goods: Fabricated Metal Product Manufacturing in Ohio
SMU39000003133200008A
Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Ohio
OHACCOMDQQGSP
Number of Identified Exporters to Canada from Ohio
OHCANA475SCEN
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU39000006000000001A), retrieved from FRED.