Annual
LREM64TTO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.90
Year-over-Year Change
2.45%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Annual' economic trend measures the annual rate of change in employment in the total nonfarm sector of the U.S. economy. It is a key indicator of labor market health and economic performance.
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 tracks the year-over-year percent change in total nonfarm employment, providing insight into the strength and direction of the U.S. job market. It is closely monitored by economists, policymakers, and analysts to assess the overall state of the economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This metric is widely used to inform economic policy decisions and gauge consumer and business confidence.
Key Facts
- The Annual trend reached a low of -5.7% in April 2020 during the COVID-19 pandemic.
- The metric has averaged around 1.5% annual growth over the past decade.
- Employment data is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and direction of the U.S. labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers, economists, and analysts to inform decisions and assessments about the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for OECD
OECDLFHUTTTTSTSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for OECD
OECDLRHUTTMASTM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for OECD
OECDLFIN25TTSTQ
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for OECD
OECDLREM24MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for OECD
OECDLFIN24FESTSAQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for OECD
OECDLFWA55FESTSAQ
Citation
U.S. Federal Reserve, Annual (LREM64TTO1A156S), retrieved from FRED.