Average Hourly Earnings of Production Employees: Retail Trade in Arizona
Annual
SMU04000004200000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.04
Year-over-Year Change
48.89%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the total number of annual job openings in the United States. This metric is a key indicator of labor market strength and hiring demand.
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 total number of job openings posted by employers over the course of a year. It provides important insights into hiring activity and labor market dynamics that are closely monitored by economists and policymakers.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is a valuable input for assessing the health of the U.S. labor market and informing economic and workforce policies.
Key Facts
- The Annual trend reached a record high of 11.2 million job openings in 2021.
- Job openings have exceeded the number of unemployed workers since mid-2021.
- The Annual trend is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of job openings posted by U.S. employers over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market strength and hiring demand, providing insights that are valuable for economists, policymakers, and job seekers.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers and institutions to assess the health of the labor market and inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a lag of approximately one month by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU04000004200000008A), retrieved from FRED.