Real Gross Domestic Product: Information (51) in Nebraska
Annual, Not Seasonally Adjusted
NEINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,941.80
Year-over-Year Change
128.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures total nonfarm employment in the U.S. private goods-producing sector. This key employment metric is closely watched by economists and policymakers to assess the broader health 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, Not Seasonally Adjusted' series tracks the total number of nonfarm jobs in the U.S. private goods-producing sector, which includes industries like manufacturing, construction, and mining. This provides a high-level indicator of economic activity and productivity in the core goods-producing industries.
Methodology
The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is widely used by economists, investors, and policymakers to gauge the strength of the U.S. economy and inform economic decision-making.
Key Facts
- The goods-producing sector accounts for over 15% of total U.S. nonfarm employment.
- Employment in this sector is a leading indicator of overall economic performance.
- The annual, unadjusted data provides a stable, long-term view of employment trends.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks total nonfarm employment in the U.S. private goods-producing sector, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of economic activity and productivity in the core goods-producing industries, providing insight into the broader health of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Annual, Not Seasonally Adjusted' employment trend is widely used by economists, investors, and policymakers to gauge the strength of the U.S. economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The annual, unadjusted data provides a stable, long-term view of employment trends, but may have a several-month delay in reporting.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NEINFORGSP), retrieved from FRED.