All Employees: Total Private in Rhode Island
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU44000000500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
445.70
Year-over-Year Change
9.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted economic indicator measures the total number of persons employed in the United States. It is a key metric for understanding labor force participation and broader economic trends.
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' series tracks the total number of employed individuals in the United States on an annual basis. This data point is widely used by economists, policymakers, and analysts to assess the overall health and trajectory of the US labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a joint effort between the US Census Bureau and the Bureau of Labor Statistics.
Historical Context
Employment figures are a critical input for policymakers at the Federal Reserve and other government agencies when setting economic and monetary policies.
Key Facts
- The annual, not seasonally adjusted employment figure reached a high of 157,540,000 in 2019.
- Employment levels dropped sharply in 2020 due to the COVID-19 pandemic, declining to 148,001,000.
- The employment data is released monthly as part of the broader Employment Situation report.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of persons employed in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Employment figures are a critical metric for understanding the overall health and trajectory of the US labor market, which is a key driver of broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a joint effort between the US Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Employment data is a key input for policymakers at the Federal Reserve and other government agencies when setting economic and monetary policies.
Q: Are there update delays or limitations?
A: The employment data is released monthly as part of the broader Employment Situation report, with a short delay between the reference period and publication.
Related Trends
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RILEGALQGSP
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All Employees: Manufacturing: Non-Durable Goods: Chemical Manufacturing in Rhode Island
SMU44000003232500001SA
Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Rhode Island
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU44000000500000001A), retrieved from FRED.