All Employees: Other Services in Pennsylvania
Annual, Not Seasonally Adjusted
SMU42000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
262.00
Year-over-Year Change
2.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures annual employment, not seasonally adjusted, in the United States. It provides key insights into long-term workforce trends that are important for economic analysis and policymaking.
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 employment series tracks total employment levels on a yearly basis, without adjusting for seasonal fluctuations. This gives a clearer picture of broader economic changes over time, compared to more volatile monthly or quarterly data.
Methodology
The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this metric to understand the overall health and direction of the labor market.
Key Facts
- Annual employment reached a high of 146 million in 2019.
- Employment fell sharply in 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 61.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks total annual employment levels in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Annual employment data provides a high-level view of long-term labor market trends that is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health and direction of the labor market, which informs decisions around employment, wages, and other economic policies.
Q: Are there update delays or limitations?
A: The annual employment data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU42000008000000001A), retrieved from FRED.