Average Hourly Earnings of Production Employees: Construction in Missouri
Annual
SMU29000002000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.38
Year-over-Year Change
37.43%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the annual average of total employment levels in the private sector nationwide. It provides a high-level indicator of the overall health and strength 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 Annual trend represents the average number of non-farm private sector employees across the United States over a 12-month period. It is a widely watched economic indicator used by policymakers, analysts, and economists to assess the broader employment and economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a key input for federal reserve policy decisions and is closely monitored by financial markets.
Key Facts
- The U.S. private sector employed over 130 million people on average in 2022.
- Annual employment growth has averaged 1.5% over the past decade.
- The Annual trend reached its highest level on record in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of private sector employment in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a crucial indicator of the overall health and strength of the U.S. labor market, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a key input for federal reserve policy decisions and is closely monitored by financial markets to assess the broader economic conditions.
Q: Are there update delays or limitations?
A: The Annual employment data is released monthly with a one-month lag, and the trend may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU29000002000000008A), retrieved from FRED.