Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Sweden
Annual, Seasonally Adjusted
SWESARTAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.46
Year-over-Year Change
32.75%
Date Range
1/1/1984 - 1/1/2022
Summary
The Seasonally Adjusted Wage and Salary Employment: Private Industries indicator tracks changes in the number of nonfarm payroll jobs in the U.S. private sector on an annual basis. It is a key measure of economic activity and labor market health.
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
This annual employment trend represents the total number of nonfarm jobs in the private sector, adjusted for seasonal variations. It is used by economists and policymakers to gauge the overall strength and direction of the U.S. labor market.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in private sector employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Private sector employment accounts for over 80% of total U.S. nonfarm jobs.
- The annual employment trend has increased in 8 of the last 10 years.
- Seasonal adjustments help smooth out hiring fluctuations over the calendar year.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the total number of nonfarm payroll jobs in the private sector of the U.S. economy on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Private sector employment is a key barometer of overall economic health and labor market strength, making this trend important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in private sector employment are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment data is released monthly, with the annual, seasonally adjusted figure updated on a regular schedule.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted Wage and Salary Employment: Private Industries (SWESARTAISMEI), retrieved from FRED.