All Employees: Total Nonfarm in Virginia
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU51000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,236.30
Year-over-Year Change
13.37%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual, not seasonally adjusted basis. It provides a high-level indicator of the overall state 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 'Thousands of Persons, Annual, Not Seasonally Adjusted' series represents the total number of employed individuals in the U.S. economy. This metric is a key barometer of economic health and can inform policy decisions related to employment, wages, and workforce development.
Methodology
This data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this employment trend to assess the strength of the U.S. labor market and broader economic conditions.
Key Facts
- The U.S. employed over 158 million people in 2021.
- Employment levels declined sharply during the COVID-19 pandemic but have since rebounded.
- The services sector accounts for the largest share of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The total employment level is a key indicator of the overall health of the U.S. labor market and economy, and it informs policy decisions related to employment, wages, and workforce development.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment trend to assess the strength of the U.S. labor market and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The employment data is published monthly, with a slight delay, and represents the prior month's figures.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU51000000000000001A), retrieved from FRED.