All Employees: Government in Arizona
Annual, Not Seasonally Adjusted
SMU04000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
432.80
Year-over-Year Change
5.84%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total private employment in the United States. It provides insights into the overall labor market conditions and is closely monitored by economists and policymakers.
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 total private employment trend represents the total number of persons employed in the private sector of the U.S. economy over the course of a year. This metric is used to gauge the strength and stability of the labor market, which is a key driver of economic growth and performance.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely referenced by government agencies, financial institutions, and economic analysts to inform policy decisions and market assessments.
Key Facts
- The annual, not seasonally adjusted total private employment reached a record high in 2019.
- This metric experienced a sharp decline during the COVID-19 pandemic in 2020.
- Recovery in private employment has been a key focus of economic policy in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the private sector of the U.S. economy over the course of a year, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted total private employment trend is a crucial indicator of the overall health and strength of the U.S. labor market, which is a key driver of economic growth and performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by government agencies, financial institutions, and economic analysts to inform policy decisions and market assessments, particularly regarding employment, labor market conditions, and economic growth.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted total private employment data is published with a lag, typically several months after the end of the reference year. Additionally, the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000009000000001A), retrieved from FRED.