Average Weekly Hours of Production Employees: Manufacturing in Puerto Rico
Annual
SMU72000003000000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
-5.42%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the number of total nonfarm employees in the United States. It is a key indicator of the overall health and performance of the U.S. 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 trend tracks the change in total U.S. nonfarm employment levels compared to the same month a year prior. It provides an overarching view of the direction and pace of job creation, which is a vital sign of economic expansion or contraction.
Methodology
The Bureau of Labor Statistics collects and calculates the Annual employment data through surveys of employers.
Historical Context
The Annual employment trend is closely watched by policymakers, economists, and market analysts to assess the strength of the U.S. economy.
Key Facts
- The U.S. economy added over 6 million jobs in 2021.
- The Annual employment growth rate reached a high of 5.7% in 2021.
- The COVID-19 pandemic caused the largest one-year decline in Annual employment in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual employment trend is a key indicator of the overall health and performance of the U.S. labor market, providing insight into the pace of job creation and economic expansion.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects and calculates the Annual employment data through surveys of employers.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely watched by policymakers, economists, and market analysts to assess the strength of the U.S. economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual employment data is released monthly by the Bureau of Labor Statistics, with some lag between the reference period and publication.
Related Trends
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Puerto Rico
SMU72000004300000001
All Employees: Government in Puerto Rico
SMU72000009000000001A
All Employees: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico
SMU72000003133500001SA
All Employees: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in Puerto Rico
SMU72000003231200001A
All Employees: Construction: Specialty Trade Contractors in Puerto Rico
SMU72000002023800001
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
SMU72000004244100001
Citation
U.S. Federal Reserve, Annual (SMU72000003000000007A), retrieved from FRED.