All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Illinois
Annual
SMU17000004244400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.10
Year-over-Year Change
5.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual change in the number of total nonfarm employees. This metric is a key indicator of the overall health and growth of the U.S. economy.
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 tracks the year-over-year change in total nonfarm payroll employment, which includes private sector jobs and government jobs. It is widely followed by economists, policymakers, and market analysts as a gauge of economic activity and labor market conditions.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy added over 4 million jobs in 2021.
- The Annual employment trend reached a low of -5.5% in 2020 due to the COVID-19 pandemic.
- The Annual trend has averaged around 1.5% growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm payroll employment, providing a broad gauge of labor market conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a crucial indicator monitored by economists, policymakers, and market participants to assess the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely follow the Annual employment trend to inform monetary and fiscal policy decisions aimed at promoting stable economic growth and full employment.
Q: Are there update delays or limitations?
A: The Annual employment data is released on a monthly basis, with a typical one-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Annual (SMU17000004244400001A), retrieved from FRED.