Average Weekly Hours of All Employees: Financial Activities in Oregon
Annual
SMU41000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.40
Year-over-Year Change
-4.21%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual change in private sector employment for the United States. It is a key indicator of the overall health and direction of the 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
This economic trend represents the year-over-year percent change in private sector employment. It provides valuable insights into the pace of job growth and is closely watched by economists, policymakers, and market analysts.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Historical Context
The Annual trend is used to assess the strength of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The Annual trend reached a high of 3.7% in 2015.
- Employment growth slowed to 1.5% in 2020 due to the COVID-19 pandemic.
- The annual change in private sector employment is a widely followed economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in private sector employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides valuable insights into the strength of the labor market and the overall health of the economy, making it a key indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual trend is used to assess the strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is typically released with a one-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU41000005500000002A), retrieved from FRED.