All Employees: Construction: Specialty Trade Contractors in Minnesota
Monthly, Seasonally Adjusted
SMU27000002023800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.67
Year-over-Year Change
0.31%
Date Range
1/1/1990 - 7/1/2025
Summary
This monthly, seasonally adjusted series tracks the number of employees in the private sector workforce in California. It's a key indicator of the state's economic health and labor market conditions.
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 Monthly, Seasonally Adjusted Private Sector Employment series measures the total number of people employed in the private sector in California. It's used by economists and policymakers to assess the strength of the state's economy and identify labor market trends.
Methodology
Data is collected through surveys of private sector employers and seasonally adjusted to account for recurring fluctuations.
Historical Context
This employment metric informs decisions around economic and workforce policies at the state level.
Key Facts
- California has the largest private sector workforce in the U.S.
- Employment levels fluctuate seasonally due to factors like holidays and weather
- Private sector jobs account for over 80% of total employment in California
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in the private sector in the state of California on a monthly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Private sector employment is a key indicator of California's economic health and labor market conditions, informing policy decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers and seasonally adjusted to account for recurring fluctuations.
Q: How is this trend used in economic policy?
A: This employment metric helps guide state-level economic and workforce policies in California.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted Private Sector Employment (SMU27000002023800001SA), retrieved from FRED.