All Employees: Construction in West Virginia
Annual, Not Seasonally Adjusted
SMU54000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.80
Year-over-Year Change
-5.06%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level for the United States. It is a key indicator of labor market conditions and overall economic activity.
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 provides a broad view of the U.S. employment situation without the fluctuations from seasonal hiring patterns. Economists and policymakers use this metric to assess long-term employment trends and the strength of the labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is widely referenced by government, academic, and private sector analysts to inform economic policy decisions.
Key Facts
- The U.S. employed over 155 million people in 2022.
- Employment levels fluctuate seasonally due to factors like summer hiring and holiday staffing.
- Tracking annual, non-seasonally adjusted data provides a more stable view of long-term employment trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level for the United States. It reflects the total number of employed persons without adjusting for typical seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted employment level is a key indicator of the overall strength of the U.S. labor market and broader economic activity. Economists and policymakers use this metric to identify long-term employment trends and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This employment trend is widely referenced by government, academic, and private sector analysts to assess the health of the labor market and broader economy. It informs policy decisions related to employment, wages, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment data is typically published with a 1-2 month delay. It may not fully capture sudden or short-term changes in employment levels.
Related Trends
Civilian Labor Force in West Virginia
WVLF
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for West Virginia
PPCIUBU18WV54000A156NCEN
Chain-Type Quantity Index for Real GDP: Construction (23) in West Virginia
WVCONSTQGSP
Real Gross Domestic Product: Water Transportation (483) in West Virginia
WVWATTRANRGSP
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in West Virginia
WVAGRQGSP
Housing Inventory: Median Listing Price Year-Over-Year in West Virginia
MEDLISPRIYYWV
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU54000002000000001A), retrieved from FRED.