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Annual, Not Seasonally Adjusted

SMU41000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

36.10

Year-over-Year Change

12.11%

Date Range

1/1/1990 - 1/1/2024

Summary

This annual, not seasonally adjusted series measures total private employment in the Knoxville, TN metropolitan area. It provides important insights into regional economic trends and labor market conditions.

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 series for total private employment in the Knoxville, TN metro area tracks the total number of workers employed by private companies and organizations, excluding government jobs. This metric offers a broad view of the private sector's economic health and labor force participation in the region.

Methodology

This data is collected through surveys of regional employers by the U.S. Bureau of Labor Statistics.

Historical Context

Policymakers and analysts use this regional employment metric to evaluate the Knoxville economy's performance and make informed decisions.

Key Facts

  • Knoxville metro area has a population of over 1 million.
  • Private sector accounts for over 80% of total employment in the region.
  • Employment levels have steadily increased since the Great Recession.

FAQs

Q: What does this economic trend measure?

A: This series measures total private employment in the Knoxville, TN metropolitan area, providing insights into the region's private sector labor market.

Q: Why is this trend relevant for users or analysts?

A: This metric offers a broad view of the Knoxville economy's private sector performance, which is crucial for policymakers and analysts evaluating regional economic conditions.

Q: How is this data collected or calculated?

A: The data is collected through surveys of regional employers by the U.S. Bureau of Labor Statistics.

Q: How is this trend used in economic policy?

A: Policymakers and analysts use this regional employment metric to assess the Knoxville economy's health and make informed decisions.

Q: Are there update delays or limitations?

A: This annual, not seasonally adjusted series may have a lag of several months before the latest data is released.

Related Trends

Citation

U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU41000005000000001A), retrieved from FRED.