Employed Persons in Minnesota
Annual, Not Seasonally Adjusted
LAUST270000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,035,505.00
Year-over-Year Change
8.88%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted data series measures the employment rate for the United States. This fundamental economic indicator is closely tracked by policymakers and analysts to assess 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
This series represents the percentage of the civilian non-institutional population that is employed. It provides a broad, unadjusted view of employment trends over the course of a year, which can be useful for long-term analysis of the job market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to inform decisions and forecasts related to monetary policy, fiscal stimulus, and other workforce development initiatives.
Key Facts
- The annual employment rate averaged 59.1% in 2021.
- Employment rates declined sharply during the COVID-19 pandemic but have since rebounded.
- The employment-to-population ratio is a broader measure than the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted data series measures the percentage of the civilian non-institutional population that is employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This fundamental labor market indicator provides valuable insights into the overall health and long-term trends of the U.S. job market, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this annual, unadjusted employment rate to inform decisions and forecasts related to monetary policy, fiscal stimulus, and other workforce development initiatives.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted employment data is published with a relatively short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST270000000000005A), retrieved from FRED.