Production or Nonsupervisory Employees: Manufacturing in Virginia
Annual, Not Seasonally Adjusted
SMU51000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.70
Year-over-Year Change
-12.90%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment levels in the United States. It provides important insights into long-term labor market trends and informs economic policymaking.
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 tracks total nonfarm employment in the U.S. on an annual basis without adjusting for seasonal variations. This data series is widely used by economists and policymakers to analyze the overall health and trajectory of the labor market.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts utilize this trend to gauge the strength of the economy and inform decisions around fiscal and monetary policies.
Key Facts
- Annual employment in the U.S. reached a record high in 2019.
- The COVID-19 pandemic led to a sharp decline in annual employment in 2020.
- The annual employment trend is a key indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total nonfarm employment levels in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into long-term labor market trends and helps inform economic policymaking by government and private-sector analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this trend to gauge the strength of the economy and inform decisions around fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a one-month lag, so the most recent month's figure may not be available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU51000003000000006A), retrieved from FRED.