Production or Nonsupervisory Employees: Manufacturing in Alabama
Annual, Not Seasonally Adjusted
SMU01000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.20
Year-over-Year Change
7.04%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted employment figures for the United States. It provides valuable insights into long-term workforce trends that are crucial for policymakers and economists.
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 employment series tracks the total number of employed persons in the U.S. on an annual basis, without adjusting for typical seasonal variations. This provides a high-level perspective on the country's overall labor market conditions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is widely used by analysts and policymakers to assess the health and direction of the U.S. economy.
Key Facts
- The U.S. had over 158 million employed persons in 2022.
- Annual employment figures tend to be less volatile than monthly data.
- This trend provides a long-term perspective on workforce participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted employment data provides valuable insights into long-term workforce trends, which are crucial for policymakers and economists assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts and policymakers to assess the direction and health of the U.S. labor market, which is a key factor in evaluating the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a short delay, but it provides a comprehensive, long-term perspective on workforce trends that is valuable for economic analysis and policy decisions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU01000003000000006A), retrieved from FRED.