All Employees: Construction in Louisiana
Annual, Not Seasonally Adjusted
SMU22000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.70
Year-over-Year Change
10.70%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the total private employment count in the United States. It provides key insights into the overall strength and trends 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 total private employment count represents the number of people employed in the private sector, excluding government jobs. This broad metric is used by economists and policymakers to assess the health and growth of the U.S. economy.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. private sector employs over 130 million workers.
- Private employment accounts for over 80% of total U.S. employment.
- Annual private employment growth averaged 1.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total count of people employed in the U.S. private sector, excluding government jobs.
Q: Why is this trend relevant for users or analysts?
A: The private employment count is a key indicator of the overall strength and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months following the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU22000002000000001A), retrieved from FRED.