Annual
SMU72000005552400008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.88
Year-over-Year Change
16.43%
Date Range
1/1/2001 - 1/1/2012
Summary
The Annual Trend measures the annual percent change in total employment in the United States. This metric is a key indicator of the overall health and growth of the U.S. economy.
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 payroll employment. It provides insight into the pace of job creation and can signal changes in consumer demand, business investment, and broader macroeconomic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses and government agencies.
Historical Context
The Annual Trend is closely monitored by policymakers, economists, and market analysts to assess the trajectory of the labor market and overall economic performance.
Key Facts
- The Annual Trend reached a low of -5.8% in April 2020 due to the COVID-19 pandemic.
- In 2022, the Annual Trend averaged around 4.5%, indicating a strong recovery in the U.S. job market.
- The Annual Trend is a closely watched indicator of the overall health of the U.S. economy.
FAQs
Q: What does the Annual Trend measure?
A: The Annual Trend measures the year-over-year percent change in total nonfarm payroll employment in the United States.
Q: Why is the Annual Trend relevant for users or analysts?
A: The Annual Trend is a key indicator of the overall health and growth of the U.S. economy, providing insights into the pace of job creation and changes in consumer demand, business investment, and broader macroeconomic conditions.
Q: How is the Annual Trend data collected or calculated?
A: The data for the Annual Trend is collected through the Current Employment Statistics (CES) survey of U.S. businesses and government agencies.
Q: How is the Annual Trend used in economic policy?
A: The Annual Trend is closely monitored by policymakers, economists, and market analysts to assess the trajectory of the labor market and overall economic performance, which informs economic policy decisions.
Q: Are there update delays or limitations for the Annual Trend?
A: The Annual Trend data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU72000005552400008A), retrieved from FRED.