All Employees: Manufacturing in Idaho
Annual, Not Seasonally Adjusted
SMU16000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.40
Year-over-Year Change
29.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted data series measures the total number of nonfarm jobs in the United States. It is a key economic indicator used to assess the overall health and growth 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 total nonfarm payroll count represents the total number of paid employees working part-time or full-time in the nation's businesses and government. This metric is widely followed by economists, policymakers, and market analysts as a barometer of economic activity and employment trends.
Methodology
The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in nonfarm payroll figures influence Federal Reserve monetary policy decisions and are closely watched by financial markets.
Key Facts
- Nonfarm payrolls account for about 80% of the workers who produce the entire gross domestic product of the United States.
- The U.S. economy added over 6 million nonfarm jobs in 2021 as it recovered from the COVID-19 pandemic.
- Nonfarm payroll data is released on the first Friday of each month by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total number of paid employees working in the U.S. nonfarm economy, excluding agricultural workers, private household employees, and nonprofit organization employees.
Q: Why is this trend relevant for users or analysts?
A: Nonfarm payroll figures are a key barometer of overall economic health and employment trends. Changes in this metric influence Federal Reserve policy decisions and are closely watched by financial markets.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Nonfarm payroll data is a crucial input for Federal Reserve policymakers in assessing the strength of the labor market and making decisions about interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The nonfarm payroll data is released on the first Friday of each month, providing a timely snapshot of the U.S. employment situation. There are no significant delays or limitations in the data.
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Citation
U.S. Federal Reserve, Total Nonfarm Payrolls (SMU16000003000000001A), retrieved from FRED.