All Employees: Leisure and Hospitality in Pennsylvania
Annual, Not Seasonally Adjusted
SMU42000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
569.10
Year-over-Year Change
8.57%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total number of employees in the private sector for the U.S. economy. This key labor market indicator provides insight into national employment trends and economic conditions.
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
This data series tracks the total number of nonfarm private sector employees, including those in goods-producing and service-providing industries. It is a broad measure of labor demand and a crucial gauge of economic health and business cycle fluctuations.
Methodology
The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this employment series to assess the overall strength of the U.S. economy and inform decisions on fiscal and monetary policy.
Key Facts
- The series covers over 130 million private sector employees nationwide.
- Employment levels are a key factor in Federal Reserve monetary policy decisions.
- Trends in this data often signal broader economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of nonfarm private sector employees in the United States, providing a broad measure of labor demand and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a crucial indicator of economic health, making this data series highly relevant for policymakers, economists, and market analysts seeking to assess the overall strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, including the Federal Reserve, closely monitor this employment series to inform decisions on fiscal and monetary policy aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU42000007000000001A), retrieved from FRED.