Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Utah
Annual
SMU49000003100000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.83
Year-over-Year Change
59.90%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual series measures the annual average of total private employment in the United States. This key economic indicator provides insights into the overall health and growth of the 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 series represents the average number of people employed in the private sector over a one-year period. It is a widely followed metric used by economists, policymakers, and analysts to assess the strength and direction of the U.S. economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored for its implications on consumer spending, business investment, and broader economic policy decisions.
Key Facts
- Annual private employment averages over 130 million in the U.S.
- The series has shown steady growth since the Great Recession.
- Annual employment is a leading indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average number of people employed in the private sector in the United States over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: Annual private employment is a key indicator of the overall health and direction of the U.S. economy, with implications for consumer spending, business investment, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by economists, policymakers, and analysts to assess the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The Annual employment data is released on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU49000003100000008A), retrieved from FRED.