Average Hourly Earnings of All Employees: Leisure and Hospitality in Utah
Annual
SMU49000007000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.53
Year-over-Year Change
68.69%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total employment in the United States. This key economic indicator provides insight into the overall strength and growth of the 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 total number of employed persons in the U.S. on an annual basis. It is a widely-tracked metric used by economists, policymakers, and analysts to assess the health and trajectory of the national economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The Annual employment trend is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual average employment reached a record high of 155.4 million in 2019.
- Employment levels experienced a sharp decline in 2020 due to the COVID-19 pandemic.
- The Annual trend is a key input for calculating the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employed persons in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a crucial indicator of the overall health and growth of the U.S. labor market, providing insights that inform economic policy and business decision-making.
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: The Annual employment trend is a key input for monetary and fiscal policy decisions, as it reflects the strength and trajectory of the broader economy.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU49000007000000003A), retrieved from FRED.