All Employees: Construction: Construction of Buildings in Idaho
Annual, Not Seasonally Adjusted
SMU16000002023600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.90
Year-over-Year Change
128.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures total private employment in the state of New Mexico. It provides important insights into the labor market and economic conditions within the state.
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 private employment data for New Mexico tracks the total number of people employed in the private sector over the course of a calendar year. This metric is a key indicator of overall economic activity and growth within the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health and direction of New Mexico's economy.
Key Facts
- New Mexico's private employment reached a high of 768,000 in 2019.
- Private sector jobs declined by 5.2% in 2020 due to the COVID-19 pandemic.
- The private employment trend provides insight into the broader economic conditions in New Mexico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the private sector in the state of New Mexico over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted private employment data is a key indicator of economic activity and growth within New Mexico, providing important insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and direction of New Mexico's economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually, with a typical 1-2 month delay after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU16000002023600001A), retrieved from FRED.