Annual
SMU72000003231500007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.80
Year-over-Year Change
3.95%
Date Range
1/1/2001 - 1/1/2016
Summary
The Annual trend measures the annual average of total private employment in the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. This metric is a key indicator of economic activity and labor market conditions in the region.
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 represents the average level of total private employment over a 12-month period for the Houston metropolitan area. It is a widely followed indicator that provides insight into the overall health and direction of the local economy.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to assess regional labor market trends and inform economic and workforce development strategies.
Key Facts
- The Houston metro area accounts for over 25% of Texas' total private employment.
- Private sector job growth in Houston has outpaced the national average in recent years.
- The Annual trend reached a record high in 2019 before declining due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average level of total private employment in the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health and direction of the Houston regional economy, which is a major driver of economic activity in Texas and the broader Gulf Coast region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess regional labor market conditions and inform economic and workforce development strategies for the Houston metropolitan area.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to periodic revisions and may have a lag of several months before the most recent information is available.
Related Trends
All Employees: Professional, Scientific, and Technical Services in Puerto Rico
SMU72000006054000001A
All Employees: Non-Durable Goods: Chemical Manufacturing in Puerto Rico
SMU72000003232500001A
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Puerto Rico
SMU72000004142300001SA
All Employees: Mining, Logging, and Construction in Puerto Rico
SMS72000001500000001
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Puerto Rico
SMU72000007072200001
All Employees: Financial Activities in Puerto Rico
SMU72000005500000001
Citation
U.S. Federal Reserve, Annual (SMU72000003231500007A), retrieved from FRED.