All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Colorado
Annual
SMU08000004142400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.20
Year-over-Year Change
22.56%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of nonfarm employment in the United States. It is a key economic indicator tracked by policymakers and analysts to assess the overall health 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 year-over-year percent change in total nonfarm payroll employment in the U.S. This metric is closely monitored by the Federal Reserve, government agencies, and private sector economists to gauge the strength and trajectory of the national job market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Historical Context
The Annual employment growth trend helps inform monetary and fiscal policy decisions by providing insights into the broader economy and labor force dynamics.
Key Facts
- Annual employment growth reached a high of 2.3% in 2015.
- The trend declined sharply to -5.8% in 2020 due to the COVID-19 pandemic.
- Annual employment growth has averaged 1.4% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average year-over-year percent change in total nonfarm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment growth rate is a key indicator of the overall health and momentum of the U.S. labor market, which is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual employment growth trend helps inform monetary and fiscal policy decisions by providing insights into the broader economy and labor force dynamics.
Q: Are there update delays or limitations?
A: The Annual employment growth data is published monthly with a one-month lag, so the most recent figures may not reflect the latest labor market conditions.
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Citation
U.S. Federal Reserve, Annual (SMU08000004142400001A), retrieved from FRED.