All Employees: Total Private in Idaho
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU16000000500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
735.10
Year-over-Year Change
45.71%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted number of persons employed in the United States. It provides important insights into national labor market conditions and trends.
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 'Thousands of Persons, Annual, Not Seasonally Adjusted' metric represents the total annual employment level in the U.S. without adjusting for seasonal variations. This data point is a key indicator of the overall health and direction of the American labor force.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This employment metric is widely used by economists, policymakers, and market analysts to assess the strength of the U.S. economy.
Key Facts
- The U.S. employment level was over 159 million in 2021.
- Employment trended downward during the COVID-19 pandemic but has since recovered.
- Manufacturing and service sectors are major contributors to U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual number of persons employed in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual employment level is a key indicator of the overall health and direction of the U.S. labor market, which is crucial for assessing the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment metric to gauge the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a lag of several months, but provides a comprehensive picture of the nation's employment situation.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU16000000500000001A), retrieved from FRED.