Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Missouri
Annual
SMU29000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-9.86%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment levels for the private nonfarm sector in the United States. This key economic indicator provides insights into labor market dynamics and overall economic performance.
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 monthly employment level across the entire private nonfarm sector over a 12-month period. It is a widely used metric for assessing long-term employment trends and the health of the broader economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored by policymakers, economists, and market analysts to gauge the strength of the U.S. labor market and inform economic policy decisions.
Key Facts
- The annual average private nonfarm employment level was 128.4 million in 2022.
- The Annual trend reached its highest level of 139.4 million in 2019 before declining during the COVID-19 pandemic.
- The Annual employment trend is a lagging indicator, reflecting changes in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average monthly employment level across the private nonfarm sector 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 key indicator of the overall health and performance of the U.S. labor market, providing insights that are crucial for economic policymaking and investment decisions.
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: The Annual employment trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the labor market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual employment trend is published with a lag, as it represents the average of monthly data over a 12-month period. There may also be revisions to the historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU29000004000000002A), retrieved from FRED.