All Employees: Leisure and Hospitality in Virginia
Annual, Not Seasonally Adjusted
SMU51000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
416.40
Year-over-Year Change
15.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment levels in the United States. It is a key indicator of the overall health and performance 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 Annual, Not Seasonally Adjusted employment series provides a snapshot of the total number of jobs in the U.S. economy on a yearly basis without adjusting for typical seasonal fluctuations. Economists and policymakers closely monitor this metric to gauge long-term employment trends and identify potential areas of strength or weakness in the labor market.
Methodology
The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
This employment trend is widely used to inform economic policy decisions and assess the effectiveness of government programs aimed at fostering job growth.
Key Facts
- The U.S. economy had over 150 million jobs in 2021.
- Employment levels declined sharply during the COVID-19 pandemic but have since recovered.
- The manufacturing sector accounts for a significant portion of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of jobs in the U.S. economy on an annual basis, without adjusting for seasonal variations in employment.
Q: Why is this trend relevant for users or analysts?
A: This employment data is a crucial indicator of the overall health and performance of the U.S. labor market, which is a key driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to inform policy decisions and assess the effectiveness of government programs aimed at fostering job growth and economic development.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted employment data is typically released with a lag of several months, and may not fully capture the immediate impacts of economic shocks or policy changes.
Related Trends
Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Virginia
EMISSCO2CRFEIBVAA
All Employees: Manufacturing in Virginia
SMU51000003000000001A
Gross Domestic Product: Construction (23) in Virginia
VACONSTNQGSP
Value of Exports to Portugal from Virginia
VAPRTA052SCEN
Projected Business Formations Within Four Quarters: Total for All NAICS in Virginia
BFPBF4QTOTALSAVA
Total Tax Exemptions for Virginia
TOTEXMVA51A647NCEN
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU51000007000000001A), retrieved from FRED.