Average Weekly Hours of All Employees: Leisure and Hospitality in Oregon
Annual
SMU41000007000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.30
Year-over-Year Change
-4.71%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total nonfarm employment in the United States. This metric is a key indicator of the overall health and growth of the U.S. economy.
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 average number of people employed in nonfarm jobs over the course of a calendar year. It is a widely-watched economic indicator used by policymakers, analysts, and businesses to assess labor market conditions and broader economic trends.
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 monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Annual employment reached a high of 153 million in 2019.
- Employment dropped sharply in 2020 due to the COVID-19 pandemic.
- The U.S. has seen steady job growth in the years following the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of total nonfarm employment in the United States over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and growth of the U.S. economy, providing insights into labor market conditions that inform policy and investment decisions.
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 closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is released with a short delay, typically within a few weeks after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU41000007000000002A), retrieved from FRED.