Average Weekly Earnings of All Employees: Construction in North Carolina
Annual
SMU37000002000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,341.35
Year-over-Year Change
70.03%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total nonfarm employment in the United States. This fundamental economic indicator provides insight into 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
Annual nonfarm employment is a key macroeconomic statistic that tracks the total number of paid employees in the U.S., excluding those in private households, nonprofit organizations, and the military. This measure is widely used by economists, policymakers, and analysts to assess economic conditions and employment trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Annual nonfarm employment figures are closely monitored by the Federal Reserve and other government agencies to inform economic and policy decisions.
Key Facts
- The U.S. had over 150 million nonfarm employees in 2022.
- Nonfarm employment accounts for over 80% of total U.S. employment.
- Annual nonfarm employment has grown by over 2% per year on average since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average total number of nonfarm employees in the United States over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: Annual nonfarm employment is a critical indicator of the overall health and growth of the U.S. labor market, which is a key driver of economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Annual nonfarm employment figures are closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, employment programs, and broader economic strategies.
Q: Are there update delays or limitations?
A: The annual nonfarm employment data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Implicit Regional Price Deflator for North Carolina
NCIRPD
Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in North Carolina
NCPUBINDQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for North Carolina
NCPCEFUR
Gross Domestic Product: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in North Carolina
NCARTETRTACCFDNGSP
Residential Carbon Dioxide Emissions, Petroleum for North Carolina
EMISSCO2TOTVRCPENCA
Coefficient for Transportation Carbon Dioxide Emissions, Residual Fuel for North Carolina
EMISSCO2CRFACBNCA
Citation
U.S. Federal Reserve, Annual (SMU37000002000000011A), retrieved from FRED.