All Employees: Trade, Transportation, and Utilities in Alabama
Annual, Not Seasonally Adjusted
SMU01000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
409.50
Year-over-Year Change
11.98%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator measures the annual, not seasonally adjusted total nonfarm employment for the United States. It provides crucial insights into the overall health and growth 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 Annual, Not Seasonally Adjusted total nonfarm employment series tracks the total number of payroll jobs in the U.S. economy, excluding farm workers, government employees, private household employees, and nonprofit organization employees. This broad metric is a key barometer of economic activity and a focus for policymakers and analysts.
Methodology
The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in total nonfarm employment are closely watched by the Federal Reserve, economists, and financial markets as a gauge of economic performance and to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. had over 153 million nonfarm payroll jobs as of 2022.
- Nonfarm employment accounts for about 83% of total U.S. employment.
- The services sector makes up the largest share of nonfarm jobs.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted total nonfarm employment series tracks the total number of payroll jobs in the U.S. economy, excluding certain sectors like agriculture and government.
Q: Why is this trend relevant for users or analysts?
A: Nonfarm employment is a broad, closely-watched indicator of overall economic health and activity. Trends in this metric inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Nonfarm employment trends are closely monitored by the Federal Reserve, policymakers, and financial markets to gauge the strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The nonfarm employment data is released monthly with a short lag, providing timely insights into the state of the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU01000004000000001A), retrieved from FRED.