Average Hourly Earnings of Production Employees: Retail Trade in Hawaii
Annual
SMU15000004200000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.35
Year-over-Year Change
47.43%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual average of total non-farm employment in the United States. It is a key indicator of overall economic activity and labor market conditions.
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 number of people employed in non-agricultural jobs across the U.S. over a 12-month period. This metric is widely used by economists, policymakers, and market analysts to assess the strength and direction of the national economy.
Methodology
The data is collected through monthly surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
Changes in the Annual employment trend can influence Federal Reserve monetary policy and Congressional fiscal decisions.
Key Facts
- The Annual average non-farm employment in the U.S. was over 152 million in 2022.
- The Annual trend reached its lowest point of 130 million jobs during the 2008-2009 recession.
- Since 2010, the Annual employment level has increased by over 20 million jobs.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of total non-farm employment in the United States, providing an overview of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of overall economic activity and is closely watched by economists, policymakers, and market participants to assess the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Annual employment trend can influence Federal Reserve monetary policy decisions and Congressional fiscal policy actions aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The Annual employment data is released on a monthly basis, with a one-month lag, by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU15000004200000008A), retrieved from FRED.