All Employees: Professional and Business Services in Virginia
Annual, Not Seasonally Adjusted
SMU51000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
813.10
Year-over-Year Change
19.80%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted employment level in the United States. It provides valuable insights into long-term employment 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 level tracks the total number of people employed in the U.S. without adjusting for seasonal variations. This metric is useful for analyzing underlying, structural changes in the labor market over longer time periods.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Key Facts
- The U.S. annual employment level reached a record high of over 155 million in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- Steady employment growth is a key indicator of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the United States on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into long-term employment trends and is closely monitored by economists, policymakers, and market analysts to assess the health of the U.S. labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely track this employment metric to inform decisions on fiscal and monetary policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment data is typically released with a short delay, as it relies on survey data collection and compilation by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU51000006000000001A), retrieved from FRED.