All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois
Annual, Not Seasonally Adjusted
SMU17000004244100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.50
Year-over-Year Change
8.33%
Date Range
1/1/1990 - 1/1/2024
Summary
This series measures the annual average of non-seasonally adjusted employment in the United States. It provides a broad indicator of labor market trends without the volatility of monthly data.
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 yearly average number of employed persons in the U.S. This metric is useful for analyzing long-term labor market dynamics and is often referenced by policymakers and economists in assessing the overall health of the economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual employment are closely monitored for insights into consumer spending, inflation, and broader economic conditions.
Key Facts
- The annual employment figure reached a peak of 156.6 million in 2019 before declining due to the COVID-19 pandemic.
- Non-seasonally adjusted data removes the typical seasonal variations in employment related to holidays, weather, and other recurring factors.
- This metric provides a stable, long-term view of the labor market compared to more volatile monthly employment reports.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual average of non-seasonally adjusted employment in the United States, providing a broad indicator of labor market trends.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual employment are closely monitored by policymakers and economists for insights into consumer spending, inflation, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Annual employment figures are used by markets, economists, and institutions to assess long-term labor market dynamics and the broader economic climate.
Q: Are there update delays or limitations?
A: There may be some delay in the release of annual employment data compared to monthly reports, but the series provides a more stable, long-term view of the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000004244100001A), retrieved from FRED.