All Employees: Trade, Transportation, and Utilities in Massachusetts
Annual, Not Seasonally Adjusted
SMU25000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
558.70
Year-over-Year Change
1.49%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment levels in the United States. It provides valuable insights into long-term employment patterns and trends.
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 tracks total nonfarm employment on a yearly basis without adjusting for seasonal variations. This data is widely used by economists and policymakers to analyze broader labor market conditions and long-term employment growth.
Methodology
The data is collected through a monthly survey of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key indicator for understanding the overall health and trajectory of the U.S. economy.
Key Facts
- The annual, not seasonally adjusted employment level in the U.S. was over 151 million as of 2022.
- This employment trend has shown steady growth over the past decade, with an average annual increase of around 1.5%.
- The COVID-19 pandemic caused a significant drop in the annual employment level in 2020, which has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual, not seasonally adjusted employment levels in the United States across all nonfarm industries.
Q: Why is this trend relevant for users or analysts?
A: This long-term employment trend provides valuable insights into the overall health and direction of the U.S. labor market, which is a key indicator of economic performance.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment trend to assess the strength of the economy and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted employment data is typically published with a 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU25000004000000001A), retrieved from FRED.