1000000*Corporate Profits After Tax (without IVA and CCAdj)/(Gross Domestic Product: Implicit Price Deflator/100)/All Employees, Total Nonfarm/12

NOTES

Corporate Profits After Tax (without IVA and CCAdj) (CP)

Source: U.S. Bureau of Economic Analysis

Release: Gross Domestic Product

Units: Billions of Dollars, Seasonally Adjusted Annual Rate

Frequency: Quarterly

Notes:

BEA Account Code: A055RC

Suggested Citation:

U.S. Bureau of Economic Analysis, Corporate Profits After Tax (without IVA and CCAdj) [CP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CP, .

Gross Domestic Product: Implicit Price Deflator (GDPDEF)

Source: U.S. Bureau of Economic Analysis

Release: Gross Domestic Product

Units: Index 2017=100, Seasonally Adjusted

Frequency: Quarterly

Notes:

BEA Account Code: A191RD

The number of decimal places reported varies over time. A Guide to the National Income and Product Accounts of the United States (NIPA).

Suggested Citation:

U.S. Bureau of Economic Analysis, Gross Domestic Product: Implicit Price Deflator [GDPDEF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPDEF, .

All Employees, Total Nonfarm (PAYEMS)

Source: U.S. Bureau of Labor Statistics

Release: Employment Situation

Units: Thousands of Persons, Seasonally Adjusted

Frequency: Monthly

Notes:

All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. This measure accounts for approximately 80 percent of the workers who contribute to Gross Domestic Product (GDP).

This measure provides useful insights into the current economic situation because it can represent the number of jobs added or lost in an economy. Increases in employment might indicate that businesses are hiring which might also suggest that businesses are growing. Additionally, those who are newly employed have increased their personal incomes, which means (all else constant) their disposable incomes have also increased, thus fostering further economic expansion.

Generally, the U.S. labor force and levels of employment and unemployment are subject to fluctuations due to seasonal changes in weather, major holidays, and the opening and closing of schools. The Bureau of Labor Statistics (BLS) adjusts the data to offset the seasonal effects to show non-seasonal changes: for example, women's participation in the labor force; or a general decline in the number of employees, a possible indication of a downturn in the economy. To closely examine seasonal and non-seasonal changes, the BLS releases two monthly statistical measures: the seasonally adjusted All Employees: Total Nonfarm (PAYEMS) and All Employees: Total Nonfarm (PAYNSA), which is not seasonally adjusted.

The series comes from the 'Current Employment Statistics (Establishment Survey).'

The source code is: CES0000000001

Suggested Citation:

U.S. Bureau of Labor Statistics, All Employees, Total Nonfarm [PAYEMS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAYEMS, .