Annual
SMU12000004245290001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.10
Year-over-Year Change
36.52%
Date Range
1/1/1990 - 1/1/2016
Summary
The Annual trend measures the year-over-year change in total employment for the Las Vegas-Paradise, NV Metropolitan Statistical Area. This provides insight into the strength and direction of the local 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 tracks the percent change in total nonfarm employment from one year to the next for the Las Vegas-Paradise, NV metropolitan area. It is a key indicator of economic growth and used by policymakers and analysts to assess regional economic conditions.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual employment growth are closely monitored by economists and local government officials to guide economic and workforce development policies.
Key Facts
- Las Vegas-Paradise, NV has seen strong year-over-year employment gains in recent years.
- The Annual trend reached a peak of 5.3% in 2015 before moderating in subsequent years.
- Historically, the Las Vegas metro area has experienced high volatility in annual employment growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total nonfarm employment for the Las Vegas-Paradise, NV metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and direction of the local Las Vegas labor market, which is a key indicator of regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in annual employment growth are closely monitored by economists and local government officials to guide economic and workforce development policies.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to periodic revisions by the Bureau of Labor Statistics and may have a one-month delay in publication.
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Citation
U.S. Federal Reserve, Annual (SMU12000004245290001A), retrieved from FRED.