All Employees: Total Nonfarm in South Carolina
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU45000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,354.90
Year-over-Year Change
26.17%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the annual employment level in thousands of persons for the United States, without seasonal adjustments. It provides valuable insights into broader labor market 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 U.S. on an annual basis, without adjusting for seasonal fluctuations. This raw data point is a key indicator used by economists and policymakers to analyze the health and trajectory of the national labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This unadjusted employment metric is widely referenced by analysts to assess the underlying strength of the economy and inform policy decisions.
Key Facts
- The series dates back to 1939.
- Annual employment levels peaked at over 158 million in 2019.
- Employment dropped sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This raw employment data provides a fundamental indicator of the overall strength and direction of the U.S. labor market, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts reference this unadjusted employment metric to assess the underlying health of the economy and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The annual employment data is published with a relatively short lag, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU45000000000000001A), retrieved from FRED.