All Employees: Construction in Rhode Island
Annual, Not Seasonally Adjusted
SMU44000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.30
Year-over-Year Change
39.38%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total private employment in the United States. It is a key indicator of overall labor market conditions and economic activity.
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, Not Seasonally Adjusted private employment data tracks the total number of workers employed in the private sector across the U.S. on an annual, unadjusted basis. It provides a broad view of private-sector labor market trends without the effects of seasonal fluctuations.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health and trajectory of the U.S. economy.
Key Facts
- The private sector accounts for over 80% of total U.S. employment.
- Annual private employment has grown by over 15% since the 2008 recession.
- The trend reached a record high of over 128 million jobs in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private-sector employees in the United States on an annual, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides a broad and fundamental indicator of the health and direction of the U.S. economy, making it highly relevant for economists, policymakers, and market participants.
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 and central banks closely monitor private employment trends to inform decisions on interest rates, stimulus measures, and other economic policies.
Q: Are there update delays or limitations?
A: This annual, unadjusted data is typically released with a 1-2 month lag, and does not account for seasonal hiring patterns.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU44000002000000001A), retrieved from FRED.