All Employees: Other Services in Alabama
Annual, Not Seasonally Adjusted
SMU01000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.00
Year-over-Year Change
8.20%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the United States. Understanding employment trends is crucial for policymakers and analysts to assess the overall 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 employment series provides a comprehensive view of the total number of people employed in the U.S. on an annual basis, without adjusting for typical seasonal fluctuations. This metric is widely used to evaluate long-term employment growth and patterns.
Methodology
The data is collected through surveys of U.S. households and businesses by the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor employment trends to inform decisions on fiscal and monetary policy.
Key Facts
- Employment reached a record high of over 157 million in 2019.
- The COVID-19 pandemic led to a sharp decline in employment in 2020.
- The U.S. employment level has steadily recovered since the 2020 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the United States on an annual basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Understanding annual employment levels is crucial for assessing the overall health and growth of the labor market, which informs economic policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor employment trends to inform decisions on fiscal and monetary policy, as well as to evaluate the effectiveness of economic interventions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment data is typically published with a lag of several months, reflecting the time required to collect and process the survey information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU01000008000000001A), retrieved from FRED.