Average Hourly Earnings of All Employees: Financial Activities in South Carolina
Annual
SMU45000005500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.57
Year-over-Year Change
45.64%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total civilian employment in the United States. It is a key indicator of the overall health and strength of the U.S. 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 represents the average level of total civilian employment over a calendar year. It is a widely tracked metric used by economists, policymakers, and labor market analysts to assess employment conditions and trends in the broader economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The Annual employment trend is closely monitored for insights into macroeconomic performance and can inform federal reserve policy decisions.
Key Facts
- The annual average civilian employment in the U.S. was over 152 million in 2022.
- Employment levels have returned to pre-pandemic highs after the COVID-19 recession.
- The annual employment trend is considered a lagging economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average level of total civilian 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 strength of the U.S. labor market, providing insights into macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by policymakers, including the Federal Reserve, to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual employment trend is released with a delay, as it is calculated from monthly CPS data.
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Citation
U.S. Federal Reserve, Annual (SMU45000005500000003A), retrieved from FRED.