All Employees: Mining, Logging, and Construction in Virginia
Annual, Not Seasonally Adjusted
SMU51000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226.00
Year-over-Year Change
20.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of annual job openings in the U.S. without seasonal adjustments. It provides valuable insight into long-term employment and labor market dynamics.
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 job openings series tracks the total number of available positions across the U.S. economy on an annual basis, excluding the effects of seasonal fluctuations. This metric is widely used by economists and policymakers to analyze broader employment trends and labor market conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
Analysts and institutions use this trend to inform workforce planning, economic forecasting, and policy decisions.
Key Facts
- Annual job openings reached a record high of 11.9 million in 2021.
- The job openings rate has exceeded 6% since mid-2021, indicating a tight labor market.
- The not seasonally adjusted data shows distinct annual patterns in job openings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of job openings across the U.S. economy on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted job openings data provides important insights into long-term employment trends and the overall strength of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to inform workforce planning, economic forecasting, and policy decisions related to the labor market.
Q: Are there update delays or limitations?
A: The job openings data is released monthly, with a lag of approximately one month. There may be some limitations in capturing rapid changes in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU51000001500000001A), retrieved from FRED.