Average Hourly Earnings of All Employees: Construction in Louisiana
Annual
SMU22000002000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.31
Year-over-Year Change
43.64%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly data for the Total Nonfarm Payroll employment level in the United States. It provides a high-level view of long-term employment trends.
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 employment trend is a key indicator used by economists and policymakers to assess the overall health and direction of the U.S. labor market. It represents the average number of people employed in non-agricultural jobs over the course of a calendar year.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics from their monthly surveys of employers.
Historical Context
The Annual employment trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Annual U.S. employment averaged over 150 million in recent years.
- The trend showed a steep decline during the 2008-2009 recession.
- Employment levels typically correlate with broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual average of monthly data for the Total Nonfarm Payroll employment level in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator used by economists and policymakers to assess the overall health and direction of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from their monthly surveys of employers.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is released on a regular schedule with minimal delays, providing a timely view of long-term employment trends.
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Citation
U.S. Federal Reserve, Annual (SMU22000002000000003A), retrieved from FRED.