All Employees: Construction: Residential Building Construction in Minnesota
Monthly, Not Seasonally Adjusted
SMU27000002023610001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.70
Year-over-Year Change
2.91%
Date Range
1/1/1990 - 7/1/2025
Summary
This U.S. employment trend measures the total number of non-farm payroll employees on nonfarm payrolls in the United States, without seasonal adjustments. It is a key indicator of overall economic activity and labor market conditions.
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 non-seasonally adjusted total nonfarm payroll employment statistic is a comprehensive measure of job creation and economic growth across all sectors of the U.S. economy, excluding farming. It is widely used by economists and policymakers to analyze labor market trends and guide economic policy decisions.
Methodology
The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy and assess the overall health of the U.S. economy.
Key Facts
- The U.S. had over 150 million non-farm payroll jobs as of 2023.
- Nonfarm payroll employment is a broader measure than the unemployment rate.
- Job creation is a key driver of consumer spending and economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-farm payroll employees on nonfarm payrolls in the United States, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Nonfarm payroll employment is a comprehensive indicator of overall economic activity and labor market conditions, making it crucial for economists and policymakers to analyze.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy and assess the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and the non-seasonally adjusted figures may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU27000002023610001), retrieved from FRED.