All Employees: Manufacturing: Durable Goods in Rhode Island
Annual
SMU44000003100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.80
Year-over-Year Change
1.98%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of total employment in the United States. This broad economic indicator is closely watched by policymakers and analysts to assess the overall health 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 series represents the average of total nonfarm employment in the U.S. over a 12-month period. It provides a comprehensive view of national employment levels and trends, which are a key driver of economic activity and consumer demand.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. had over 155 million nonfarm jobs on average in 2022.
- Employment levels have returned to pre-pandemic highs after the COVID-19 recession.
- The annual average employment growth rate was 3.1% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average total nonfarm employment in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a key indicator of economic health and consumer demand, making this trend essential for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: The Annual employment data is released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU44000003100000001A), retrieved from FRED.