Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Arkansas
Annual
SMU05000003100000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.79
Year-over-Year Change
52.18%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures total employment levels in the United States. It is a key indicator used by economists and policymakers to assess the overall strength of the 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 trend represents the total number of employed persons in the U.S. each year. It is a widely followed economic indicator that provides insight into the health and direction of the broader economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor the Annual trend to inform economic and workforce decisions.
Key Facts
- The Annual trend reached a record high of 152.5 million employed persons in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The U.S. labor force participation rate was 61.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of employed persons in the United States each year.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Annual employment trend to inform economic and workforce decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is typically released with a short delay by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU05000003100000008A), retrieved from FRED.