Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Sweden
Persons, Annual, Seasonally Adjusted
LFEM64TTSEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,024,050.00
Year-over-Year Change
12.28%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed individuals in the United States on an annual basis, providing key insights into the 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 economic indicator represents the total number of persons employed in the U.S. workforce, adjusted for seasonal variations. It is a widely followed metric used by economists, policymakers, and analysts to assess the strength and trajectory of the overall job market.
Methodology
The data is collected through the Current Population Survey, a joint effort by the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
Trends in total employment are closely monitored for their implications on consumer spending, inflation, and the broader economic outlook.
Key Facts
- The U.S. employed workforce totaled over 158 million people in 2021.
- Employment levels declined sharply during the COVID-19 pandemic but have since recovered.
- The annual employment figure is a key input for calculating the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed individuals in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the overall health and strength of the U.S. labor market, with implications for consumer spending, inflation, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort by the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in total employment are closely monitored by policymakers, economists, and market participants for their impact on consumer demand, inflationary pressures, and the overall economic outlook.
Q: Are there update delays or limitations?
A: The annual employment figure is released with a short delay, and may be subject to minor revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM64TTSEA647S), retrieved from FRED.