Average Weekly Hours of All Employees: Total Private in Wisconsin
Annual
SMU55000000500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.60
Year-over-Year Change
-2.69%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual percent change in employment for the private sector in the United States. This metric is a key indicator of the overall health and direction of the U.S. economy.
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 trend tracks the year-over-year percent change in private sector employment, providing insights into the pace of economic growth and labor market conditions. It is widely used by economists, policymakers, and market analysts to assess employment dynamics and inform economic decision-making.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other government agencies to help guide monetary and fiscal policy decisions.
Key Facts
- The Annual trend reached a low of -5.7% in 2020 due to the COVID-19 pandemic.
- In 2021, the Annual trend rebounded to 4.7% as the economy recovered.
- The trend has averaged around 1.5% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in private sector employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic health and labor market conditions, providing insights that inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other government agencies to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU55000000500000002A), retrieved from FRED.