Average Weekly Hours of All Employees: Total Private in Missouri
Annual
SMU29000000500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
-4.05%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Economic Trend measures the annual average unemployment rate in the United States. This indicator is closely watched by economists and policymakers as it reflects the overall health of the 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 Annual Economic Trend represents the yearly average of the civilian unemployment rate in the United States. It is a crucial gauge of the country's economic performance and is used to inform policy decisions and market analysis.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The annual unemployment rate is a key input for the Federal Reserve's monetary policy decisions.
Key Facts
- The annual unemployment rate in the U.S. averaged 5.3% in 2022.
- The lowest annual unemployment rate on record was 3.5% in 2019.
- High unemployment can signal an economic recession or slow recovery.
FAQs
Q: What does this economic trend measure?
A: The Annual Economic Trend measures the annual average unemployment rate in the United States, which reflects the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a crucial indicator of economic performance and is used by policymakers, economists, and market analysts to inform decisions and assessments.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as it reflects the overall health of the labor market.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically published with a short delay, as it is calculated based on monthly survey data.
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Citation
U.S. Federal Reserve, Annual (SMU29000000500000002A), retrieved from FRED.