All Employees: Leisure and Hospitality in Hawaii
Annual, Not Seasonally Adjusted
SMU15000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.90
Year-over-Year Change
8.31%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of total nonfarm employment in the United States. It provides a broad indicator of overall labor market conditions and economic activity.
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 nonfarm employment series captures the total number of workers, excluding farm laborers, private household employees, and nonprofit organization employees. It is a key economic indicator used by policymakers, analysts, and researchers to assess the strength and direction of the U.S. economy.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics (CES) survey of business establishments.
Historical Context
Trends in nonfarm employment are closely watched by the Federal Reserve and other policymakers as they consider monetary and fiscal policies.
Key Facts
- The U.S. had over 151 million nonfarm employees as of 2022.
- Nonfarm employment accounts for over 80% of total U.S. employment.
- The service sector makes up the largest share of nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted value of total nonfarm employment in the United States. It provides a broad indicator of overall labor market conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in nonfarm employment are closely watched by policymakers, economists, and market analysts as a key indicator of the strength and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: Nonfarm employment data is a critical input for the Federal Reserve and other policymakers as they consider monetary and fiscal policies to support the broader economy.
Q: Are there update delays or limitations?
A: The nonfarm employment data is published monthly with a one-month lag, allowing for revisions and adjustments over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000007000000001A), retrieved from FRED.