All Employees: Construction: Heavy and Civil Engineering Construction in Utah
Annual, Not Seasonally Adjusted
SMU49000002023700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
38.04%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted employment level in the United States. It provides important insights into long-term employment patterns and is closely monitored by economists and policymakers.
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, Not Seasonally Adjusted employment series tracks the total number of employed persons in the U.S. on an annual, unadjusted basis. This metric is widely used to analyze broad employment trends over extended time periods, in contrast with monthly or quarterly data which can be more volatile.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to inform economic and workforce development decisions.
Key Facts
- The annual employment level in the U.S. reached a record high in 2019.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- Annual employment data is published with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This long-term employment metric is important for understanding broad labor market patterns and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual employment data to assess labor market conditions and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The annual employment data is published with a 1-month lag compared to the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000002023700001A), retrieved from FRED.