All Employees: Leisure and Hospitality in Utah
Annual, Not Seasonally Adjusted
SMU49000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.90
Year-over-Year Change
47.47%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total number of private non-farm employees in the United States on an annual basis without seasonal adjustments. This key labor market metric provides insights into long-term employment 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
This annual, non-seasonally adjusted employment series tracks the total number of private sector workers in the U.S. economy, excluding government and farm workers. It is a foundational indicator used by economists and policymakers to analyze the health and direction of the labor market.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand broader employment conditions and inform economic decision-making.
Key Facts
- The series dates back to 1939.
- Employment reached a peak of over 130 million in 2019.
- The COVID-19 pandemic led to a sharp decline in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total number of private non-farm employees in the United States on an annual basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insights into long-term employment trends and the overall health of the U.S. economy, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand broader employment conditions and inform economic decision-making, such as setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and does not account for seasonal variations in employment.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000007000000001A), retrieved from FRED.