All Employees: Construction: Specialty Trade Contractors in Arizona
Annual, Not Seasonally Adjusted
SMU04000002023800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.30
Year-over-Year Change
91.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures annual employment, not seasonally adjusted, in the Nonfarm sector in California. It is a key indicator of economic activity and labor market conditions in the state.
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, Not Seasonally Adjusted employment series tracks the total number of jobs in California's nonfarm economy on a yearly basis, without adjusting for typical seasonal fluctuations. This metric provides insight into the overall size and growth of the state's labor market.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the health and trajectory of California's economy.
Key Facts
- California is the most populous U.S. state.
- The nonfarm sector accounts for over 90% of total employment in the state.
- Annual employment data provides a longer-term perspective on economic trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of nonfarm jobs in the state of California on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the overall health and growth of California's economy, which is the largest in the United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households 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 monitor the strength of California's labor market and overall economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There is typically a several-month delay in the release of annual employment data, as the Bureau of Labor Statistics compiles and verifies the information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000002023800001A), retrieved from FRED.