All Employees: Total Nonfarm in Massachusetts
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU25000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,718.20
Year-over-Year Change
12.33%
Date Range
1/1/1939 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual, not seasonally adjusted basis. It provides valuable insight into the overall state 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' series tracks the total number of employed individuals in the U.S. economy. This metric is widely used by economists and policymakers to gauge employment trends and overall economic activity.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is a key indicator monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. employed over 160 million people in 2021.
- Employment levels declined sharply during the COVID-19 pandemic but have since recovered.
- 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, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the overall health of the U.S. labor market and economy, providing important context for policymakers and market analysts.
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: The 'Thousands of Persons, Annual, Not Seasonally Adjusted' series is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on an annual basis with a short delay, providing a comprehensive view of U.S. employment over the prior year.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU25000000000000001A), retrieved from FRED.