All Employees: Manufacturing in Massachusetts
Annual, Not Seasonally Adjusted
SMU25000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231.10
Year-over-Year Change
-7.23%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the United States. It provides insights into long-term employment patterns without the distortion of seasonal factors.
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 level represents the total number of employed persons in the U.S. on an annual basis, without adjustments for typical seasonal hiring and layoff patterns. This metric is used by economists and policymakers to analyze underlying employment trends and labor market dynamics.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for assessing the overall health of the U.S. economy and informing policy decisions.
Key Facts
- The annual, not seasonally adjusted employment level reached a record high of 157.5 million in 2019.
- This metric exhibited a sharp decline in 2020 due to the COVID-19 pandemic's impact on the labor market.
- Employment levels are a key indicator of the economy's overall performance and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the United States, providing insights into long-term employment patterns without the distortion of seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is relevant for assessing the overall health of the U.S. economy and informing policy decisions, as it reflects the underlying labor market dynamics without the influence of typical seasonal fluctuations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual, not seasonally adjusted employment level is used by economists and policymakers to analyze long-term employment trends and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and it does not account for seasonal variations in employment, which may limit its usefulness for short-term analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU25000003000000001A), retrieved from FRED.