Average Weekly Hours of Production Employees: Retail Trade in Illinois
Monthly
SMU17000004200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.90
Year-over-Year Change
-3.79%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly Economic Trend measures the number of employees on nonfarm payrolls in the United States. This key indicator provides insight into 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 Monthly Economic Trend tracks the total number of jobs in the U.S. economy, excluding agricultural and government workers. This widely followed metric is a barometer of economic activity and a crucial input for policymakers and analysts assessing employment conditions.
Methodology
The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly Economic Trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions and market forecasts.
Key Facts
- The U.S. economy added 528,000 jobs in July 2022.
- The unemployment rate fell to 3.5% in July 2022, a 50-year low.
- The Monthly Economic Trend is released on the first Friday of each month.
FAQs
Q: What does this economic trend measure?
A: The Monthly Economic Trend measures the total number of jobs in the U.S. economy, excluding agricultural and government workers.
Q: Why is this trend relevant for users or analysts?
A: The Monthly Economic Trend is a crucial indicator of the overall health and strength of the U.S. labor market, providing important insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly Economic Trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The Monthly Economic Trend is released on the first Friday of each month, providing timely data on the U.S. labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU17000004200000007), retrieved from FRED.