All Employees: Professional and Business Services in South Carolina
Annual, Not Seasonally Adjusted
SMU45000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
313.30
Year-over-Year Change
33.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the annual, not seasonally adjusted employment levels in the United States. It provides insights into broader labor market trends without the effects of seasonal fluctuations.
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 measures the total number of employed persons in the U.S. on an annual basis, without adjusting for typical seasonal hiring patterns. This raw data point is useful for economists and policymakers to analyze long-term employment changes.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unadjusted employment metric can inform economic and labor market policy decisions.
Key Facts
- Employment levels reached a record high in 2019 before the COVID-19 pandemic.
- Manufacturing has seen a steady decline in annual employment over the past two decades.
- The services sector accounts for the majority of annual employment in the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employed persons in the United States on an annual basis, without adjusting for seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted annual employment data provides a raw view of labor market conditions, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this unadjusted employment metric to analyze long-term labor market trends and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the annual, unadjusted nature of this metric limits its use for short-term analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU45000006000000001A), retrieved from FRED.