Production or Nonsupervisory Employees: Retail Trade in Hawaii
Annual
SMU15000004200000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.80
Year-over-Year Change
-2.86%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in total employment in the United States. It is a key indicator of the overall health and growth of the US economy.
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 year-over-year changes in total nonfarm employment, including both private and public sector jobs. It is a widely followed metric that reflects broader economic conditions and labor market dynamics.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely watched by policymakers, analysts, and investors to gauge the strength of the economy and inform decision-making.
Key Facts
- The Annual trend reached a record high of 3.5% in 2022.
- Employment growth has exceeded 2% for the past two years.
- The Annual trend turned negative during the COVID-19 recession in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm employment in the United States, including both private and public sector jobs.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the overall health and growth of the US economy, and is closely watched by policymakers, analysts, and investors to gauge labor market dynamics and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used by policymakers, economists, and market participants to assess the strength of the labor market and the broader economy, and to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU15000004200000006A), retrieved from FRED.