Average Weekly Earnings of All Employees: Total Private in Missouri
Monthly
SMU29000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,083.26
Year-over-Year Change
5.03%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the monthly average number of nonfarm payroll jobs in the United States. This key indicator provides insight into the overall health and trajectory 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 'Monthly' series tracks the total number of paid nonfarm employees, excluding farm workers, private household employees, and employees of nonprofit organizations. It is a widely followed indicator of economic activity and a crucial input for policymakers and analysts.
Methodology
This data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Monthly' employment trend is closely watched by the Federal Reserve, investors, and economists to assess economic conditions and guide policy decisions.
Key Facts
- The U.S. economy added an average of 211,000 nonfarm jobs per month in 2022.
- The unemployment rate was 3.5% as of December 2022, near a 50-year low.
- The service sector accounts for the majority of nonfarm payroll employment.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the total number of paid nonfarm employees in the United States, excluding farm workers, private household employees, and employees of nonprofit organizations.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' employment trend is a crucial indicator of economic health and a key input for policymakers, investors, and economists in assessing the state of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: This 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: The 'Monthly' employment trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and assess the overall strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The 'Monthly' employment data is released by the Bureau of Labor Statistics on a monthly basis, with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Monthly (SMU29000000500000011), retrieved from FRED.