Average Weekly Hours of Production Employees: Mining, Logging, and Construction in Hawaii
Annual
SMU15000001500000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
7.08%
Date Range
1/1/2001 - 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 used by policymakers and analysts to assess the overall health and momentum 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 tracks the year-over-year percentage change in total nonfarm payroll employment, which includes both private-sector and government jobs. It provides a broad view of employment conditions and is a leading indicator of economic activity.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus.
Key Facts
- The Annual trend reached a high of 2.8% in 2015.
- Employment growth slowed to 1.5% in 2020 due to the COVID-19 pandemic.
- The Annual trend has averaged 1.7% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in total nonfarm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market health and economic momentum, and is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly by the Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU15000001500000007A), retrieved from FRED.