Annual, Not Seasonally Adjusted
SMU15000004245200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
-0.72%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the annual, not seasonally adjusted employment in the non-farm private sector in the United States. It provides valuable insights into the overall health and performance 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, Not Seasonally Adjusted employment metric tracks the total number of non-farm private sector jobs in the U.S. on an annual basis, without adjusting for seasonal fluctuations. This data point is widely used by economists and policymakers to analyze broader employment trends and the strength of the economy.
Methodology
The data is collected through surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The U.S. non-farm private sector employed over 130 million workers in 2022.
- Annual employment growth has averaged around 2% over the past decade.
- The COVID-19 pandemic caused a significant decline in annual employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm private sector jobs in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall health and performance of the U.S. labor market, which is a key indicator of economic strength and stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor this trend to inform their economic policy decisions, such as adjusting interest rates or implementing stimulus measures.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately one month. There may also be revisions to previous data points as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000004245200001A), retrieved from FRED.