All Employees: Total Nonfarm in Pennsylvania
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU42000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,141.50
Year-over-Year Change
7.26%
Date Range
1/1/1939 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the total number of persons employed in thousands in the United States. It provides critical insight into the overall state of the U.S. labor market and workforce.
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' statistic tracks the total number of employed individuals in the U.S. economy on an annual basis, without adjusting for seasonal variations. It is a key indicator used by economists and policymakers to assess the strength and resilience of the national labor force.
Methodology
The data is collected through comprehensive surveys of U.S. households and businesses by the Bureau of Labor Statistics.
Historical Context
This employment trend is widely referenced by analysts, investors, and government agencies to inform economic policy decisions and market assessments.
Key Facts
- The U.S. employed over 157 million people in 2021.
- Employment levels fluctuate based on economic conditions.
- Tracking annual employment is crucial for monitoring the health of the U.S. economy.
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, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The annual employment statistic is a crucial indicator of the overall strength and performance of the U.S. labor market, which is a key driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of U.S. households and businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment trend to inform decisions on fiscal, monetary, and labor market policies aimed at promoting economic prosperity.
Q: Are there update delays or limitations?
A: The annual employment data is released with a short lag, typically a few months after the end of the calendar year. There may be minor revisions to previous years' data as new information becomes available.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU42000000000000001A), retrieved from FRED.