Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Ohio
Annual
SMU39000003100000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,136.45
Year-over-Year Change
32.01%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual Trend measures the annual average of total nonfarm employment in the United States. It 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 Trend represents the average total number of jobs in the U.S. non-agricultural sector over a 12-month period. It is a widely followed economic statistic that provides insight into labor market conditions and macroeconomic performance.
Methodology
The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is closely monitored by policymakers, analysts, and investors to gauge the strength of the U.S. economy.
Key Facts
- The Annual Trend reached a record high of 151.4 million jobs in 2019.
- Employment declined sharply in 2020 due to the COVID-19 pandemic.
- The Annual Trend is a lagging indicator, reflecting past economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average total number of non-agricultural jobs in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and growth of the U.S. economy, providing insight into labor market conditions and macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by policymakers, analysts, and investors to gauge the strength of the U.S. economy and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The Annual Trend is a lagging indicator, reflecting past economic conditions, and may be subject to revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU39000003100000030A), retrieved from FRED.