Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Rhode Island
Monthly
SMU44000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.89
Year-over-Year Change
-3.15%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly employment trend measures non-farm payroll employment in the United States. It is a key economic indicator used by policymakers and analysts to assess the 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 Monthly employment trend, published by the U.S. Bureau of Labor Statistics, tracks the total number of paid non-agricultural employees in the United States. It is a widely watched metric that provides insights into overall economic conditions and helps inform policy decisions.
Methodology
The data is collected through a monthly survey of businesses and government agencies.
Historical Context
Policymakers and investors closely monitor the Monthly employment trend to gauge the strength of the economy and make informed decisions.
Key Facts
- The Monthly employment trend is released on the first Friday of each month.
- The U.S. economy added 528,000 jobs in July 2022, exceeding analyst expectations.
- The unemployment rate in the U.S. fell to 3.5% in July 2022, a 50-year low.
FAQs
Q: What does this economic trend measure?
A: The Monthly employment trend measures the total number of non-farm employees in the United States, providing insights into the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The Monthly employment trend is a critical economic indicator used by policymakers, economists, and investors to assess the strength of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies 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 the Monthly employment trend to evaluate the health of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Monthly employment trend is released on the first Friday of each month, providing timely data on the U.S. labor market. However, the data may be subject to revisions in subsequent releases.
Similar SMU Trends
Unemployed: Job Losers for Rhode Island
JOBLOSRI
Average Weekly Hours of All Employees: Construction in Rhode Island
SMU44000002000000002
Arts, Entertainment and Recreation Earnings in Rhode Island
RIEART
Other Deposits in Commercial Member Banks in Rhode Island
X08IOMBORI
Average Weekly Hours of Production Employees: Manufacturing in Rhode Island
SMU44000003000000007
Number of Noninsured Mutual Savings Banks in Rhode Island
X08MSBNIRI
Citation
U.S. Bureau of Labor Statistics, Monthly (SMU44000003100000008), retrieved from FRED.