Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in North Carolina
Seasonally Adjusted
SMU37000003200000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.44
Year-over-Year Change
0.36%
Date Range
1/1/2001 - 6/1/2025
Summary
The Seasonally Adjusted series measures the seasonally adjusted number of new hires in the private sector in the United States. It is a key indicator of labor market strength and economic activity.
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 series provides a seasonally adjusted count of new hires, adjusting for regular seasonal variations in hiring that occur throughout the year. It offers insights into the pace of job creation and labor market dynamics.
Methodology
The data is collected through surveys of private employers and adjusted for seasonal patterns.
Historical Context
The new hires trend is closely watched by policymakers, economists, and investors to gauge the health of the U.S. labor market and broader economy.
Key Facts
- New hires reached a record high in 2022.
- Seasonal adjustment removes predictable fluctuations.
- The new hires trend is considered a leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the seasonally adjusted number of new hires in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The new hires trend is a key indicator of labor market strength and economic activity, offering insights into the pace of job creation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers and adjusted for seasonal patterns.
Q: How is this trend used in economic policy?
A: The new hires trend is closely watched by policymakers, economists, and investors to gauge the health of the U.S. labor market and broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with some minor delays due to the time required for data collection and seasonal adjustment.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU37000003200000006SA), retrieved from FRED.