All Employees: Total Nonfarm in Oregon
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU41000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,992.50
Year-over-Year Change
21.19%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total number of persons employed annually in the United States, reported in thousands. It provides key insights into the overall health and performance 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 country on a yearly basis, without adjustments for seasonal variations. This data is widely used by economists, policymakers, and analysts to assess long-term employment trends and patterns.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
This employment trend is a crucial input for evaluating economic growth, labor market dynamics, and the effectiveness of policy interventions.
Key Facts
- The U.S. employed over 157 million people in 2021.
- Employment levels declined sharply during the COVID-19 pandemic.
- The services 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 persons employed in the United States on an annual basis, reported in thousands.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for understanding the overall health and performance of the U.S. labor market, which is a key indicator of economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to evaluate the effectiveness of economic policies and guide decision-making around issues like job creation, workforce development, and macroeconomic stability.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a short delay, and may not capture rapid or short-term changes in the labor market.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU41000000000000001A), retrieved from FRED.