Average Weekly Earnings of All Employees: Financial Activities in Utah
Annual
SMU49000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,529.21
Year-over-Year Change
63.38%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the annual rate of change in employment for all nonfarm workers in the United States. It is a key indicator of the overall health and direction 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 tracks the year-over-year percent change in total nonfarm employment, a comprehensive measure of job growth across the economy. It is closely watched by economists, policymakers, and market analysts to assess the strength and trajectory of the U.S. labor market.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is used to inform economic policy decisions and monitor the performance of the labor market.
Key Facts
- The U.S. economy added 6.4 million jobs in 2021, a 4.5% annual increase.
- Annual employment growth averaged 1.7% from 2010 to 2019 before the COVID-19 pandemic.
- The largest annual decline in nonfarm employment was -5.7% in 2020 due to the pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the year-over-year percent change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and direction of the U.S. labor market, providing insight into the strength of job growth and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is used by policymakers, economists, and market analysts to inform economic policy decisions and monitor the performance of the labor market.
Q: Are there update delays or limitations?
A: The Annual Trend data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual (SMU49000005500000011A), retrieved from FRED.