All Employees: Wholesale Trade in South Dakota
Annual
SMU46000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.60
Year-over-Year Change
17.10%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total nonfarm employment in the United States on an annual basis. This key economic indicator provides insights into the overall health and growth of the U.S. 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 trend represents the total number of nonfarm jobs in the U.S. economy, excluding agricultural, private household, and government employment. It is a broad measure of the size and strength of the American workforce and a crucial barometer for evaluating economic performance.
Methodology
The data is collected through monthly surveys of a representative sample of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the Annual employment trend to inform decisions on fiscal and monetary policy.
Key Facts
- The U.S. nonfarm workforce exceeded 151 million jobs in 2021.
- Annual employment has grown by an average of 1.5% per year over the past decade.
- The service sector accounts for over 80% of total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of nonfarm jobs in the U.S. economy, excluding agricultural, private household, and government employment.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and growth of the U.S. labor market, which is crucial for evaluating economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Annual employment trend to inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Annual employment data is published with a one-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU46000004100000001A), retrieved from FRED.