Average Weekly Hours of All Employees: Private Service Providing in Tennessee
Monthly
SMU47000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.60
Year-over-Year Change
0.60%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the monthly change in total non-farm payroll employment in the United States. This key labor market indicator is closely watched by economists and policymakers to gauge the health and trajectory 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 'Monthly' series tracks the month-over-month change in the total number of paid employees in the U.S. non-farm business sector, excluding proprietors, private household employees, and non-profit organization employees. It serves as an important barometer of overall economic activity and employment conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through a comprehensive survey of business establishments.
Historical Context
The monthly employment change is a critical input for Federal Reserve policy decisions and is closely monitored by financial markets.
Key Facts
- The U.S. economy added 315,000 jobs in August 2022.
- The unemployment rate was 3.7% as of August 2022.
- Job growth has remained strong despite economic headwinds.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the month-over-month change in total non-farm payroll employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator is closely watched by economists and policymakers to gauge the health and trajectory of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through a comprehensive survey of business establishments.
Q: How is this trend used in economic policy?
A: The monthly employment change is a critical input for Federal Reserve policy decisions and is closely monitored by financial markets.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 week lag from the reference period.
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Citation
U.S. Federal Reserve, Monthly (SMU47000000800000002), retrieved from FRED.