All Employees: Goods Producing in Rhode Island
Annual
SMU44000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.40
Year-over-Year Change
11.83%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment figures for the private, nonfarm business sector in the United States. This metric is a key indicator of overall economic activity and labor market health.
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 series provides the average of the 12 monthly employment numbers over a calendar year. This annualized figure helps economists and policymakers analyze long-term employment trends and patterns in the broader economy.
Methodology
The data is collected through a monthly survey of private, nonfarm establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely watched by the Federal Reserve and other government agencies as they make monetary and fiscal policy decisions.
Key Facts
- The Annual trend reached a high of 131.2 million in 2019.
- Employment levels fell sharply in 2020 due to the COVID-19 pandemic.
- The Annual metric helps identify long-term employment growth patterns.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of monthly employment figures for the private, nonfarm business sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annualized employment figure is a key indicator of overall economic activity and labor market health, closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of private, nonfarm establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely watched by the Federal Reserve and other government agencies as they make monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is released with a one-month lag, providing a yearly average employment figure.
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Citation
U.S. Federal Reserve, Annual (SMU44000000600000001A), retrieved from FRED.