All Employees: Professional and Business Services in Minnesota
Annual, Not Seasonally Adjusted
SMU27000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
373.90
Year-over-Year Change
6.71%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total number of nonfarm jobs in the United States on an annual basis, without adjustments for seasonal variations. This provides a comprehensive view of the overall health 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
This series tracks the total number of nonfarm jobs in the U.S. across all industries, excluding agricultural jobs. The annual, not seasonally adjusted data gives economists a high-level perspective on long-term employment trends, informing analysis of the business cycle and policy decisions.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this employment trend to gauge the strength of the U.S. economy.
Key Facts
- The U.S. had over 152 million nonfarm jobs in 2021.
- Employment levels fell sharply in 2020 due to the COVID-19 pandemic.
- The service sector accounts for the majority of U.S. nonfarm jobs.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total number of nonfarm jobs in the United States on an annual basis, without adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This high-level employment data provides economists and policymakers with important insights into the overall health and long-term trends of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this employment trend to gauge the strength of the U.S. economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is subject to some publication delays but provides a comprehensive view of long-term employment trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU27000006000000001A), retrieved from FRED.