Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Thousands of Jobs
IPUGN4238W200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
782.20
Year-over-Year Change
14.84%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Thousands of Jobs' metric measures the total number of nonfarm jobs in the U.S. economy. This broad employment indicator is closely watched by economists and policymakers to gauge the overall health 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 'Thousands of Jobs' statistic represents the total number of paid, nonfarm positions in the United States, excluding agricultural and self-employed workers. It serves as a comprehensive barometer of economic activity and a key input for understanding broader employment trends.
Methodology
This data is collected through the Current Employment Statistics (CES) survey, a monthly sampling of over 140,000 businesses and government agencies.
Historical Context
Policymakers at the Federal Reserve and other government institutions closely monitor the 'Thousands of Jobs' metric to inform interest rate decisions and other macroeconomic policies.
Key Facts
- The U.S. economy added 315,000 jobs in August 2022.
- The unemployment rate was 3.7% as of August 2022.
- Job growth has remained strong despite rising inflation and recession fears.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of Jobs' metric measures the total number of nonfarm payroll employment positions in the United States economy.
Q: Why is this trend relevant for users or analysts?
A: This broad employment indicator is a key barometer of economic health and a crucial input for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly sampling of over 140,000 businesses and government agencies.
Q: How is this trend used in economic policy?
A: The 'Thousands of Jobs' metric is closely monitored by the Federal Reserve and other institutions to inform interest rate decisions and broader macroeconomic policies.
Q: Are there update delays or limitations?
A: The 'Thousands of Jobs' data is released monthly with a typical delay of around one month.
Related Trends
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L020000000
Labor Productivity for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L001000000
Hours Worked for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L010000000
Labor Compensation for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L021000000
Labor Productivity for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L000000000
Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T301000000
Citation
U.S. Federal Reserve, Thousands of Jobs (IPUGN4238W200000000), retrieved from FRED.