All Employees: Trade, Transportation, and Utilities in Puerto Rico
Annual
SMU72000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.80
Year-over-Year Change
8.15%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of total employment in the United States. This key economic indicator helps policymakers and analysts understand broader labor market trends.
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 year-over-year percent change in total nonfarm employment, providing insight into the overall strength and direction of the U.S. job market. It is a widely followed metric for gauging economic performance and the health of the labor force.
Methodology
The data is collected through monthly surveys of U.S. businesses and government agencies.
Historical Context
The Annual employment trend is closely watched by the Federal Reserve, economists, and financial markets to inform policy decisions and investment strategies.
Key Facts
- The U.S. economy added an average of 2.1 million jobs per year from 2010 to 2019.
- The Annual employment growth rate reached a peak of 2.3% in 2015.
- In 2020, the Annual employment trend declined by 5.8% due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent 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 direction of the U.S. labor market, providing important insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual employment trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus measures.
Q: Are there update delays or limitations?
A: The Annual employment data is released monthly with a brief lag, providing timely information on the broader labor market trends.
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Citation
U.S. Federal Reserve, Annual (SMU72000004000000001A), retrieved from FRED.