Average Weekly Earnings of All Employees: Total Private in Nebraska
Annual
SMU31000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,045.14
Year-over-Year Change
46.80%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual employment trend measures the total number of jobs in the U.S. economy over a 12-month period. This key metric is widely used by economists and policymakers to assess the overall health and growth 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 employment statistic represents the total nonfarm payroll employment level in the United States. It is a comprehensive indicator of the economy's employment situation and a crucial input for macroeconomic analysis and policy decisions.
Methodology
The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy.
Key Facts
- The U.S. economy added over 6 million jobs in 2021.
- Annual employment fell by 9 million in 2020 due to the COVID-19 pandemic.
- The annual employment rate reached a record high of 151 million in 2019.
FAQs
Q: What does this economic trend measure?
A: The Annual employment trend measures the total number of nonfarm payroll jobs in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment statistic is a key indicator of the overall health and growth of the U.S. labor market, which is crucial for macroeconomic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is subject to periodic revisions and may have a delay of several months before the final numbers are published.
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Citation
U.S. Federal Reserve, Annual (SMU31000000500000011A), retrieved from FRED.