Average Weekly Earnings of All Employees: Total Private in Rhode Island
Annual
SMU44000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,188.23
Year-over-Year Change
43.59%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in total private employment in the U.S. This provides valuable insights into 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
The Annual trend tracks the annual percentage change in total private employment, which includes all nonfarm employees except government workers. It is a key indicator of the country's economic performance and is closely watched by policymakers, economists, and investors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a crucial input for Federal Reserve monetary policy decisions and economic forecasting.
Key Facts
- The Annual trend reached a peak of 2.5% in 2015.
- Employment growth has slowed from over 2% in 2018 to around 1% in 2022.
- The COVID-19 pandemic caused a sharp decline in the Annual trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total private employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and direction of the U.S. labor market, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a crucial input for Federal Reserve monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU44000000500000011A), retrieved from FRED.