Monthly, Seasonally Adjusted
SMU29000004244700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.95
Year-over-Year Change
-4.05%
Date Range
1/1/1990 - 12/1/2022
Summary
The Monthly, Seasonally Adjusted series measures the total number of employees on nonfarm payrolls in Omaha, NE-IA Metropolitan Statistical Area. This key economic indicator provides insight into the health and performance of the local labor market.
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 Nonfarm Payroll Employment data is a widely used economic indicator that tracks the total number of paid employees working in the Omaha, NE-IA area, excluding proprietors, private household employees, and employees of nonprofit organizations. It is a reliable measure of economic activity and employment trends.
Methodology
The data is collected through a monthly survey of businesses and government agencies.
Historical Context
Nonfarm payroll data is closely monitored by policymakers, economists, and market analysts to assess the overall strength of the regional economy.
Key Facts
- Omaha, NE-IA MSA has over 500,000 nonfarm employees.
- Nonfarm payrolls grew by 2.5% in the last year.
- The largest industry sectors are trade, transportation, and utilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees on nonfarm payrolls in the Omaha, NE-IA Metropolitan Statistical Area, excluding proprietors, private household employees, and nonprofit workers.
Q: Why is this trend relevant for users or analysts?
A: Nonfarm payroll data is a key indicator of economic activity and labor market health, providing valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Nonfarm payroll data is closely monitored by policymakers to assess the overall strength of the regional economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of one to two weeks. There may be revisions to previous months' data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU29000004244700001SA), retrieved from FRED.