Annual
SMU04000004000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.62
Year-over-Year Change
23.91%
Date Range
1/1/2001 - 1/1/2016
Summary
This series measures the annual average of total nonfarm employment in the United States. It is a key economic indicator used to track labor market trends and overall economic health.
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 Total Nonfarm Employment series represents the total number of workers, excluding farm employees, on nonfarm payrolls. It is published monthly by the U.S. Bureau of Labor Statistics and serves as a broad measure of economic activity and labor market conditions.
Methodology
The data is collected through a monthly survey of business establishments.
Historical Context
This employment metric is closely monitored by policymakers, analysts, and businesses to assess the strength of the U.S. economy.
Key Facts
- The annual average reached a high of 151.8 million in 2019.
- Employment fell sharply in 2020 due to the COVID-19 pandemic.
- The series dates back to 1939.
FAQs
Q: What does this economic trend measure?
A: The Annual Total Nonfarm Employment series measures the average number of workers on nonfarm payrolls in the United States over a calendar year.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of overall economic health and labor market conditions, and is closely watched by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment data to gauge the strength of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual employment data is published with a short lag, typically a few months after the end of the calendar year.
Related Trends
State Government Tax Collections, Total Taxes in Arizona
AZTOTLTAX
Gross Domestic Product: Oil and Gas Extraction (211) in Arizona
AZOILGASNGSP
All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Arizona
SMU04000005552200001
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arizona
AZFININSREALRGSP
All Employees: Transportation and Utilities: Truck Transportation in Arizona
SMU04000004348400001SA
Total Deposits in Commercial Nonmember Banks in Arizona
X08TDCBNMBTAZ
Citation
U.S. Bureau of Labor Statistics, Annual Total Nonfarm Employment (SMU04000004000000008A), retrieved from FRED.