All Employees: Total Nonfarm in Alabama
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU01000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,190.30
Year-over-Year Change
14.93%
Date Range
1/1/1939 - 1/1/2024
Summary
This annual, not seasonally adjusted trend measures the total number of persons employed in the United States. It is a key indicator of the overall health and strength of the U.S. 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 'Thousands of Persons, Annual, Not Seasonally Adjusted' metric represents the total number of persons employed in the United States on an annual basis, without adjustments for seasonal hiring patterns. This broad employment measure is widely used by economists and policymakers to analyze labor force trends and the overall state of the economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Historical Context
Policymakers and market analysts closely monitor this employment trend to assess economic performance and guide decisions.
Key Facts
- The employment level reached a record high of 158.8 million in 2019.
- Employment dropped sharply in 2020 due to the COVID-19 pandemic.
- The services sector accounts for the largest share of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, without adjustments for seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The total employment level is a key indicator of the overall health and strength of the U.S. labor market, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this employment trend to assess economic performance and guide decisions.
Q: Are there update delays or limitations?
A: The data is released annually, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU01000000000000001A), retrieved from FRED.