Annual
SMU44000004244600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-12.00%
Date Range
1/1/1990 - 1/1/2021
Summary
The Annual trend measures the annual changes in employment in the Trade, Transportation, and Utilities sector in the United States. This key economic indicator provides insights into the overall health and performance of the broader economy.
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 trend tracks year-over-year changes in employment for the Trade, Transportation, and Utilities sector, which encompasses a wide range of industries including retail, logistics, and public utilities. This metric is closely monitored by economists and policymakers to gauge economic activity and labor market conditions.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
The Annual trend is a valuable input for making informed decisions about economic and labor market policies.
Key Facts
- The Trade, Transportation, and Utilities sector employs over 27 million people in the U.S.
- Annual employment growth in this sector has averaged 1.2% over the past decade.
- The sector accounts for approximately 18% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year changes in employment in the Trade, Transportation, and Utilities sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall health and performance of the broader economy, as the Trade, Transportation, and Utilities sector is a significant contributor to overall economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is a valuable input for making informed decisions about economic and labor market policies, as it reflects the changing conditions in a key sector of the economy.
Q: Are there update delays or limitations?
A: The Annual trend is published with a relatively short delay, typically within a few months of the end of the reference year.
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Citation
U.S. Federal Reserve, Annual (SMU44000004244600001A), retrieved from FRED.