Average Hourly Earnings of All Employees: Total Private in Idaho
Annual
SMU16000000500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.99
Year-over-Year Change
52.26%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the total annual average number of people employed in the United States. It is a key indicator of the overall health and strength of the U.S. 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 employment trend tracks the total number of people employed in the U.S. on an annual basis. It is a widely followed economic indicator that helps policymakers and analysts assess the state of the job market and broader economic conditions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual employment are closely monitored by the Federal Reserve and other government agencies when making economic policy decisions.
Key Facts
- The U.S. reached a record high annual employment level in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- Annual employment data is a key input for calculating the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual average number of people employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual employment trend is a widely followed economic indicator that helps policymakers and analysts assess the state of the job market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in annual employment are closely monitored by the Federal Reserve and other government agencies when making economic policy decisions.
Q: Are there update delays or limitations?
A: The annual employment data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU16000000500000003A), retrieved from FRED.