Average Weekly Hours of All Employees: Manufacturing in Arkansas
Annual
SMU05000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.70
Year-over-Year Change
-2.40%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of the seasonally adjusted employment level in the United States. This metric is a key indicator of the overall health and performance of the U.S. labor market.
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 series represents the annual average of monthly seasonally adjusted employment data, providing a broader perspective on long-term employment trends beyond month-to-month volatility. This indicator is widely used by economists, policymakers, and analysts to assess the strength and direction of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Historical Context
The Annual employment trend is a critical input for Federal Reserve and government policy decisions related to inflation, interest rates, and broader economic management.
Key Facts
- The Annual employment trend averaged 146.1 million in 2022.
- Employment levels reached a record high of 152.5 million in early 2020 before the COVID-19 pandemic.
- The U.S. has regained all jobs lost during the pandemic as of 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of the seasonally adjusted employment level in the United States, providing a high-level view of long-term labor market trends.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and performance of the U.S. labor market, making it a critical input for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a critical input for Federal Reserve and government policy decisions related to inflation, interest rates, and broader economic management.
Q: Are there update delays or limitations?
A: The Annual data is released with a one-month lag, and it may be subject to revisions as more complete information becomes available.
Related Trends
Utilities Earnings in Arkansas
AREUTI
Deposits in Insured Commercial Nonmember Banks in Arkansas
X08TDCBNMBIAR
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas
ARAGRRQGSP
Value of Exports to United Kingdom from Arkansas
ARGBRA052SCEN
Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Arkansas
SMU05000003200000006A
Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arkansas
SMU05000006500000011
Citation
U.S. Federal Reserve, Annual (SMU05000003000000002A), retrieved from FRED.