Production or Nonsupervisory Employees: Manufacturing in Utah
Annual
SMU49000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.10
Year-over-Year Change
38.14%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual Trend measures the annual percent change in total employment in the United States. It is a key indicator of the overall health and growth of the U.S. 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 the year-over-year percent change in total nonfarm employment, a comprehensive measure of job creation across private and public sectors. It is closely monitored by economists, policymakers, and market analysts to assess the strength and direction of the U.S. labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide survey of businesses and government agencies.
Historical Context
The Annual Trend is used to inform economic and monetary policy decisions, as well as investment strategies.
Key Facts
- The Annual Trend reached a record high of 3.1% in 2015.
- Employment growth has averaged 1.5% annually over the past decade.
- The trend declined sharply during the 2008-2009 recession, falling to -5.7%.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the year-over-year percent change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and growth of the U.S. economy, and is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual Trend is used to inform economic and monetary policy decisions, as well as investment strategies.
Q: Are there update delays or limitations?
A: The Annual Trend data is released monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual (SMU49000003000000006A), retrieved from FRED.