All Employees: Financial Activities: Insurance Carriers and Related Activities in Utah
Annual
SMU49000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.50
Year-over-Year Change
47.06%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average of selected economic data, providing a long-term perspective on trends and changes over time.
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 aggregates monthly or quarterly data into a single annual average, smoothing out short-term fluctuations and highlighting broader economic patterns. This metric is widely used by economists, policymakers, and analysts to understand the underlying health and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics as the average of all observations within a calendar year.
Historical Context
Annual economic data is a key input for monetary and fiscal policy decisions.
Key Facts
- Annual data provides a 12-month overview, minimizing monthly volatility.
- Annualized metrics are a standard for macroeconomic reporting and analysis.
- The Annual series is a key input for forecasting and modeling of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average value of an economic indicator over a 12-month period, providing a long-term perspective on trends and changes.
Q: Why is this trend relevant for users or analysts?
A: Annual data is widely used by economists, policymakers, and analysts to understand the underlying health and direction of the U.S. economy, smoothing out short-term fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics as the average of all observations within a calendar year.
Q: How is this trend used in economic policy?
A: Annual economic data is a key input for monetary and fiscal policy decisions, as it provides a long-term view of economic performance and trends.
Q: Are there update delays or limitations?
A: The Annual series is updated on a regular schedule, with a typical delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (SMU49000005552400001A), retrieved from FRED.