Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Pennsylvania
Annual
SMU42000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
892.71
Year-over-Year Change
35.55%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the annual average of monthly employment levels in the United States. This key economic indicator provides insights into the overall health and growth 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 employment trend represents the average employment level over a 12-month period, offering a broad perspective on long-term workforce and economic conditions. Economists and policymakers use this metric to analyze employment trends and inform economic decision-making.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a crucial input for evaluating monetary and fiscal policy objectives.
Key Facts
- The annual average employment level in the U.S. was 151.4 million in 2022.
- Employment growth has averaged 1.5% per year over the past decade.
- The Annual trend helps identify long-term shifts in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of 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 provides a comprehensive view of labor market conditions, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers 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 evaluating monetary and fiscal policy objectives, as it reflects the overall health and growth of the labor market.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a one-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU42000004000000011A), retrieved from FRED.