Annual, Not Seasonally Adjusted
SMU16000004245210001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted employment levels in the private sector in the United States. It provides insight into the overall state of the labor market 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 employment series tracks the total number of private sector jobs in the U.S. on a yearly basis, without adjusting for seasonal fluctuations. This metric is widely used by economists and policymakers to analyze long-term employment trends and the broader health of the economy.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key indicator referenced by the Federal Reserve, Congressional Budget Office, and other institutions when evaluating economic performance and policy decisions.
Key Facts
- Annual, not seasonally adjusted private sector employment in the U.S. reached a high of 122.3 million jobs in 2019.
- Employment levels fell sharply in 2020 due to the COVID-19 pandemic, declining to 115.8 million jobs.
- The private sector has regained most jobs lost during the pandemic, with employment reaching 121.0 million as of 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector jobs in the United States on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health of the labor market and broader economic conditions, which is vital information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual, Not Seasonally Adjusted private employment data is closely monitored by the Federal Reserve, Congressional Budget Office, and other institutions when evaluating the economy and making policy decisions.
Q: Are there update delays or limitations?
A: There is typically a several month delay in the release of this annual data by the Bureau of Labor Statistics. Additionally, the non-seasonally adjusted nature of the series can make it more volatile compared to seasonally adjusted metrics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU16000004245210001A), retrieved from FRED.