Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Connecticut
Annual
SMU09000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980.29
Year-over-Year Change
11.93%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of total nonfarm employment in the United States. It is a key economic indicator used by policymakers and analysts to assess the overall health and growth 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 average of monthly nonfarm payroll employment figures over a full calendar year. It provides a broader, annualized perspective on employment trends compared to monthly snapshots, offering insights into long-term patterns and growth.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is widely monitored by the Federal Reserve, government agencies, and private economists to inform economic policy and investment decisions.
Key Facts
- The annual average nonfarm employment in the U.S. was over 151 million in 2022.
- Employment growth has averaged around 2% per year over the past decade.
- The Annual trend helps identify long-term shifts in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of total nonfarm employment in the United States over a full calendar year.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend provides a comprehensive view of labor market conditions and is a key indicator used by policymakers, economists, and investors to assess the overall health and growth of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, employment, and economic growth.
Q: Are there update delays or limitations?
A: The Annual employment trend is published with a lag of several months, as it requires the aggregation of monthly data over a full calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU09000004000000011A), retrieved from FRED.