Production or Nonsupervisory Employees: Retail Trade in Washington
Annual, Not Seasonally Adjusted
SMU53000004200000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
305.40
Year-over-Year Change
15.46%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level for the private sector in the United States. It provides important insights into long-term labor market trends and overall economic conditions.
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 private sector of the U.S. economy over a 12-month period. This broad metric is a key indicator of the strength and stability of the labor market, which is a critical component of the overall economic health.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and market analysts to assess the state of the economy and inform decision-making.
Key Facts
- The annual, not seasonally adjusted private sector employment level in the U.S. was 128.6 million as of the latest data.
- This metric has increased by over 20 million jobs since the end of the Great Recession in 2009.
- The manufacturing sector accounts for approximately 12.5 million private sector jobs in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the private sector of the U.S. economy over a 12-month period, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted private sector employment level is a crucial indicator of the overall strength and stability of the U.S. labor market, which is a key driver of economic growth and prosperity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment trend to assess the state of the economy and inform decision-making, such as monetary policy and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, typically around two to three weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU53000004200000006A), retrieved from FRED.