All Employees: Financial Activities in Puerto Rico
Annual
SMU72000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.60
Year-over-Year Change
10.96%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total number of hours worked per year across the U.S. economy. This metric is crucial for analyzing productivity, economic growth, and labor market 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
The Annual trend represents the total number of hours worked annually by all nonfarm employees in the United States. It is a widely used indicator of labor input and labor market conditions, providing important context for interpreting GDP, employment, and other key economic indicators.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor the Annual trend to gauge the overall level of economic activity and assess the health of the labor market.
Key Facts
- The Annual trend reached a peak of 248.6 billion hours in 2000.
- Annual hours worked declined during the Great Recession, falling to 239.7 billion in 2009.
- The trend has gradually recovered, reaching 250.4 billion hours in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of hours worked per year by all nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial indicator of labor input and economic activity, providing important context for interpreting GDP, employment, and other key economic metrics.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to gauge the overall level of economic activity and assess the health of the labor market.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU72000005500000001A), retrieved from FRED.