All Employees: Leisure and Hospitality in Alabama
Annual, Not Seasonally Adjusted
SMU01000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209.30
Year-over-Year Change
20.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total nonfarm employment in the United States. It is a key indicator of overall economic activity and labor market conditions.
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 metric tracks the total number of paid employees in the US, excluding farm workers, private household employees, and nonprofit organization employees. It is a widely followed barometer of the broader labor market and economic health.
Methodology
The data is collected through monthly surveys of U.S. businesses and government agencies.
Historical Context
This employment trend is closely watched by policymakers, economists, and financial markets to assess the strength of the economy.
Key Facts
- The series dates back to 1939.
- Employment levels can signal changes in consumer spending and business investment.
- Monthly employment data is more commonly cited, but annual figures provide a broader perspective.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total nonfarm employment in the United States, providing a high-level view of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Annual employment data offers a comprehensive picture of the economy's performance and is closely monitored by policymakers, economists, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to assess the overall strength of the economy and labor market conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag in data availability compared to more frequently reported monthly employment figures, but the annual, not seasonally adjusted data provides a broader economic perspective.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU01000007000000001A), retrieved from FRED.