Monthly, Seasonally Adjusted
SMU45000004244600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.63
Year-over-Year Change
0.04%
Date Range
1/1/2003 - 12/1/2022
Summary
This U.S. economic trend measures monthly, seasonally adjusted total nonfarm employment in the Harrisburg-Carlisle, PA metropolitan area. It provides key insights into the local labor market and is closely monitored by economists and policymakers.
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 Harrisburg-Carlisle, PA total nonfarm employment series tracks the monthly change in the number of jobs, excluding agricultural workers, in this metropolitan statistical area. It is a comprehensive measure of economic activity and a leading indicator of the regional business cycle.
Methodology
The data is collected through surveys of employers and calculated with seasonal adjustments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to assess the strength of the Harrisburg-Carlisle economy and inform policy decisions at the local and national level.
Key Facts
- The Harrisburg-Carlisle metropolitan area has a population of over 570,000.
- Nonfarm employment accounts for over 95% of total employment in the region.
- The area's largest employment sectors are government, education, and healthcare.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted total nonfarm employment in the Harrisburg-Carlisle, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into the strength of the local labor market and overall economic activity in the Harrisburg-Carlisle region, which is important for businesses, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated with seasonal adjustments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is widely used to assess the Harrisburg-Carlisle economy and inform policy decisions at the local and national level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU45000004244600001SA), retrieved from FRED.