Annual
SMU72000003232500008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.57
Year-over-Year Change
34.97%
Date Range
1/1/2001 - 1/1/2016
Summary
The Annual trend measures the year-over-year change in state-level private industry employment, providing insights into regional economic conditions and workforce dynamics.
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
This annual data series from the U.S. Bureau of Labor Statistics tracks percentage changes in private sector employment across different states and industries, offering economists and policymakers a high-level view of labor market trends.
Methodology
The data is collected through monthly surveys of businesses and households.
Historical Context
Analysts use this metric to assess the relative strength of state and regional economies.
Key Facts
- Annual tracks year-over-year private sector job growth by state.
- The series covers a range of private industries, from manufacturing to services.
- Employment trends vary significantly across different regions of the U.S.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in private industry employment at the state level.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional economic conditions and workforce dynamics, which is valuable for policymakers, businesses, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the relative strength of state and regional economies, informing decisions related to economic development, workforce planning, and other policy initiatives.
Q: Are there update delays or limitations?
A: The Annual data is published with a short lag, providing timely insights into state-level employment trends.
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Citation
U.S. Bureau of Labor Statistics, Annual (SMU72000003232500008A), retrieved from FRED.