Annual
SMU55000004245200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.20
Year-over-Year Change
-10.22%
Date Range
1/1/1990 - 1/1/2021
Summary
This annual series measures total nonfarm employment in the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. It is a key indicator of the region's economic health and labor market conditions.
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 nonfarm employment series tracks the total number of workers in the Houston metropolitan area, excluding farm workers. It is a widely followed metric that provides insight into the overall strength and growth of the local economy.
Methodology
The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to evaluate the Houston economy's performance and inform decisions on economic and workforce development.
Key Facts
- Houston is the fourth-largest metropolitan area in the United States.
- The region's economy is heavily dependent on the energy and healthcare sectors.
- Annual nonfarm employment in Houston peaked at over 3 million jobs in 2019.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of nonfarm employees in the Houston metropolitan area on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The Houston nonfarm employment trend is a key indicator of the region's economic health and can inform decisions on workforce development, infrastructure investment, and policy initiatives.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to evaluate the Houston economy's performance and inform decisions on economic and workforce development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with an annual average published at the end of each year.
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Citation
U.S. Federal Reserve, Annual (SMU55000004245200001A), retrieved from FRED.