All Employees: Total Nonfarm in West Virginia
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU54000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
717.50
Year-over-Year Change
-1.58%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total annual employment in thousands of persons in the U.S. for a given year, without seasonal adjustments. It provides insight into long-term employment patterns and labor market dynamics.
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 'Thousands of Persons, Annual, Not Seasonally Adjusted' metric represents the total employment, expressed in thousands of individuals, for a given calendar year in the United States. This unadjusted data offers a raw view of employment levels, complementing seasonally adjusted figures to support comprehensive labor market analysis.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This annual employment trend is widely used by economists, policymakers, and market analysts to assess the overall health and direction of the U.S. labor market.
Key Facts
- The annual employment figure represents the total number of employed persons in the U.S. for a given year.
- The data is not seasonally adjusted, providing a raw view of employment levels without smoothing for typical seasonal patterns.
- Analyzing this trend helps economists and policymakers understand long-term employment dynamics and labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual employment in the United States, expressed in thousands of persons, without any seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted employment data provides a raw, unfiltered view of labor market conditions, complementing seasonally adjusted figures to support comprehensive economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts widely use this annual employment trend to assess the overall health and direction of the U.S. labor market, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a lag of several months, and it does not account for seasonal fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU54000000000000001A), retrieved from FRED.