Seasonally Adjusted
SMU27000005000000007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.60
Year-over-Year Change
10.26%
Date Range
1/1/2001 - 12/1/2018
Summary
The Seasonally Adjusted series measures changes in employment over time, adjusting for predictable seasonal variations. It is a key economic indicator used by policymakers and analysts to understand labor market 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 Seasonally Adjusted series is a version of an employment data series that has been statistically adjusted to remove the impact of regular, predictable changes that occur at certain times of the year, such as holiday hiring. This allows for a clearer view of the underlying employment trend.
Methodology
The U.S. Bureau of Labor Statistics uses statistical models to remove seasonal effects from the raw employment data.
Historical Context
Seasonally adjusted data is widely used by the Federal Reserve, government agencies, and private sector analysts to assess the health of the labor market and guide economic policymaking.
Key Facts
- Removes predictable seasonal variations from raw employment data.
- Provides a clearer view of underlying employment trends.
- Used extensively by policymakers and analysts to assess labor market conditions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures changes in employment over time, with the impact of regular seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted data is crucial for accurately interpreting employment and labor market trends, as it filters out predictable seasonal fluctuations.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics uses statistical models to remove seasonal effects from the raw employment data.
Q: How is this trend used in economic policy?
A: Seasonally adjusted employment data is widely used by the Federal Reserve, government agencies, and private sector analysts to assess the health of the labor market and guide economic policymaking.
Q: Are there update delays or limitations?
A: The seasonally adjusted data is published regularly by the Bureau of Labor Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU27000005000000007SA), retrieved from FRED.