All Employees: Leisure and Hospitality: Amusement, Gambling, and Recreation Industries in Idaho
Annual
SMU16000007071300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
70.13%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of total private employment in the nonfarm business sector of the U.S. economy. It is a key indicator of overall economic activity and labor market conditions.
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 trend represents the total number of private sector jobs, excluding government employees, agricultural workers, and private household workers. It is used by economists and policymakers to analyze labor market dynamics and broader economic trends.
Methodology
The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely watched by the Federal Reserve and other institutions for insights into the strength of the U.S. economy.
Key Facts
- The Annual trend reached a record high of 149 million in 2019.
- Employment declined sharply during the COVID-19 pandemic in 2020.
- The service sector accounts for the majority of private nonfarm jobs.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of total private employment in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of overall economic activity and labor market conditions, closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend provides insights into the strength of the U.S. economy and is closely monitored by the Federal Reserve and other institutions for policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to periodic revisions and may have a time lag compared to more frequent employment indicators.
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Citation
U.S. Federal Reserve, Annual (SMU16000007071300001A), retrieved from FRED.