Average Weekly Earnings of All Employees: Other Services in Wisconsin
Annual
SMU55000008000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
739.40
Year-over-Year Change
33.72%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual series measures the annual average of total nonfarm employment in the U.S. It is a key economic indicator used to assess the overall health and growth of the 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 series tracks the yearly average number of people employed in nonfarm jobs across the United States. It is a widely followed measure of the strength and trajectory of the broader economy.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this series to gauge macroeconomic conditions and inform fiscal and monetary policy decisions.
Key Facts
- Nonfarm payrolls account for around 80% of U.S. employment.
- The annual average is calculated from 12 monthly data points.
- Employment is a lagging economic indicator, reflecting broader trends.
FAQs
Q: What does this economic trend measure?
A: The Annual series tracks the yearly average of total nonfarm employment in the United States, providing a high-level view of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of economic health and is closely watched by policymakers, businesses, and investors to gauge the overall strength of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Annual employment series to inform decisions on fiscal and monetary policies aimed at promoting full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The Annual series is published with a slight delay, as it is calculated from the monthly nonfarm payrolls data. There may also be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU55000008000000011A), retrieved from FRED.