All Employees: Total Nonfarm in North Dakota
Thousands of Persons, Annual, Not Seasonally Adjusted
SMU38000000000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446.00
Year-over-Year Change
3.82%
Date Range
1/1/1939 - 1/1/2024
Summary
This annual employment trend measures the total number of employed persons in the United States on a non-seasonally adjusted basis. It provides insight into long-term labor force dynamics and is a key indicator of economic health.
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 'Thousands of Persons, Annual, Not Seasonally Adjusted' series tracks the total number of people employed in the U.S. on a yearly basis, without adjusting for seasonal variations. This broad indicator offers analysts a stable, year-over-year view of employment levels and trends.
Methodology
The data is collected through surveys of households and businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by policymakers, economists, and investors to assess the strength of the U.S. labor market and overall economic conditions.
Key Facts
- The annual, non-seasonally adjusted employment total was over 158 million in 2021.
- Employment levels fluctuate based on economic cycles and policy changes.
- This metric does not account for part-time work or labor force participation rates.
FAQs
Q: What does this economic trend measure?
A: This annual data series tracks the total number of employed persons in the United States, without adjusting for seasonal variations in hiring or layoffs.
Q: Why is this trend relevant for users or analysts?
A: The non-seasonally adjusted employment total provides a stable, long-term view of labor force dynamics, which is crucial for understanding economic health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this employment metric to assess the strength of the U.S. labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted employment data is published with a relatively short delay, but does not account for part-time workers or labor force participation rates.
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Citation
U.S. Federal Reserve, Thousands of Persons, Annual, Not Seasonally Adjusted (SMU38000000000000001A), retrieved from FRED.