Production: Energy: Total for Russia
Annual
PRENTO01RUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.29
Year-over-Year Change
9.65%
Date Range
1/1/1999 - 1/1/2021
Summary
This economic trend measures the annual rate of change in total private non-farm employment in the United States. It is a key indicator of labor market conditions and economic growth.
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 private non-farm employment growth rate tracks year-over-year changes in the number of people employed in the private sector, excluding government jobs. This metric is widely used by economists and policymakers to assess the overall health and momentum of the U.S. economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the strength of the labor market and guide economic and monetary policy decisions.
Key Facts
- The annual private non-farm employment growth rate reached a high of 2.3% in 2015.
- This indicator experienced a sharp decline during the 2008-2009 recession, dropping to -5.4%.
- The trend has remained positive since 2010, reflecting the gradual recovery of the U.S. labor market.
FAQs
Q: What does this economic trend measure?
A: The annual private non-farm employment growth rate tracks the year-over-year change in the number of people employed in the private sector, excluding government jobs.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and overall economic growth, and is closely monitored by policymakers and economists to guide economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of the labor market and inform economic and monetary policy decisions, such as interest rate adjustments and employment-focused initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Private Non-Farm Employment Growth Rate (PRENTO01RUA661S), retrieved from FRED.