All Employees: Professional and Business Services in Rhode Island
Annual, Not Seasonally Adjusted
SMU44000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.50
Year-over-Year Change
23.23%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures annual employment, not seasonally adjusted, for the United States. It provides a high-level overview of labor market trends and is a key indicator for economists and policymakers.
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 the total number of jobs in the U.S. on a yearly basis, without adjusting for typical seasonal fluctuations. It offers a broad perspective on the country's labor market and economic activity.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used to assess the overall health of the U.S. economy and inform policy decisions.
Key Facts
- The U.S. had over 150 million jobs in 2022.
- Employment levels declined during the COVID-19 pandemic but have since recovered.
- Annual employment data is a lagging indicator, published with a 1-2 month delay.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of jobs in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Annual employment data provides a high-level overview of labor market trends and is a key indicator for economists and policymakers assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used to assess the state of the U.S. economy and inform policy decisions by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: Annual employment data is a lagging indicator, published with a 1-2 month delay, and does not adjust for seasonal fluctuations.
Related Trends
Gross Domestic Product: Trade (42, 44-45) in Rhode Island
RITRADENGSP
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Rhode Island
RIDURMANRGSP
Projected Business Formations Within Eight Quarters: Total for All NAICS in Rhode Island
BFPBF8QTOTALNSARI
Gross Domestic Product: Transportation and Warehousing (48-49) in Rhode Island
RITRANSWARENGSP
Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Rhode Island
RIWPMANQGSP
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Rhode Island
RIPROBUSQQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU44000006000000001A), retrieved from FRED.