All Employees: Trade, Transportation, and Utilities in Virginia
Annual, Not Seasonally Adjusted
SMU51000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
676.90
Year-over-Year Change
6.92%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures total nonfarm employment in the United States. It is a key indicator of economic activity and a vital data point for policymakers and analysts.
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 total nonfarm employment measure represents the total number of paid employees in the U.S., excluding farm workers, private household employees, and nonprofit organization employees. It is a broad indicator of the overall health and growth of the U.S. economy.
Methodology
The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by the Federal Reserve, policymakers, and financial markets as a gauge of macroeconomic conditions.
Key Facts
- U.S. total nonfarm employment was over 151 million as of the latest annual data.
- Employment levels are a critical factor in the Federal Reserve's monetary policy decisions.
- The not seasonally adjusted series provides a raw, unadjusted view of employment trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of paid employees in the United States, excluding farm workers, private household employees, and nonprofit organization employees.
Q: Why is this trend relevant for users or analysts?
A: Total nonfarm employment is a fundamental indicator of the overall health and growth of the U.S. economy, and is closely watched by policymakers, the Federal Reserve, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Employment levels are a critical factor in the Federal Reserve's monetary policy decisions, as the central bank aims to achieve maximum employment and price stability.
Q: Are there update delays or limitations?
A: The not seasonally adjusted employment data is published on an annual basis, with a delay of several months from the end of the reference year.
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Citation
U.S. Federal Reserve, Total Nonfarm Employment, Not Seasonally Adjusted (SMU51000004000000001A), retrieved from FRED.