Monthly, Seasonally Adjusted
SMU27000004244700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.51
Year-over-Year Change
5.79%
Date Range
1/1/1990 - 12/1/2022
Summary
This economic indicator measures monthly job hires in the private sector, providing insight into labor market dynamics and hiring trends.
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 job hires metric tracks the number of new employees added to private-sector payrolls on a monthly basis. It is a key indicator of labor market strength and a leading signal of economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
Policymakers and economists closely monitor this metric to assess the health of the labor market and broader economy.
Key Facts
- The series tracks over 150 million private-sector hires per year.
- Hiring tends to rise during economic expansions and decline during recessions.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly number of new hires in the private sector, providing insight into labor market dynamics and hiring trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market strength and a leading signal of economic conditions, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of the labor market and broader economy, informing decisions and policies related to employment, monetary policy, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU27000004244700001SA), retrieved from FRED.