Average Weekly Hours of All Employees: Manufacturing in North Carolina
Annual
SMU37000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.20
Year-over-Year Change
-1.23%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of employment levels in the private sector for the United States. This metric is a key indicator of the overall health and growth of the U.S. economy.
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 trend represents the yearly average of the number of people employed in the private sector in the United States. It is widely used by economists and policymakers to analyze long-term employment patterns and inform economic policy decisions.
Methodology
The data for this trend is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This annual employment statistic is closely monitored by the Federal Reserve and other government agencies to gauge the strength of the U.S. labor market.
Key Facts
- The annual average private sector employment in the U.S. was over 130 million in 2022.
- Annual private sector employment has increased by over 20 million jobs since the 2008 recession.
- The annual employment trend is a key input for assessing the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of the number of people employed in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This annual employment statistic is a crucial indicator of the strength and growth of the U.S. economy, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data for this trend is collected through the Current Employment Statistics (CES) survey 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 gauge the strength of the U.S. labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a relatively short time lag, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU37000003000000002A), retrieved from FRED.