Seasonally Adjusted
SMU44000005051100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-7.14%
Date Range
1/1/1990 - 12/1/2022
Summary
The Seasonally Adjusted employment trend measures the monthly changes in total nonfarm employment in the United States, adjusted for seasonal variations. This metric is a key indicator of the overall health and direction of the U.S. economy.
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 employment data from the U.S. Bureau of Labor Statistics removes the typical seasonal fluctuations in hiring and layoffs, providing a clearer picture of the underlying employment trends. Economists and policymakers closely monitor this statistic to assess the broader labor market conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Historical Context
The Seasonally Adjusted employment figures inform decisions around monetary and fiscal policies.
Key Facts
- The U.S. economy added 263,000 jobs in November 2022.
- The unemployment rate remained at 3.7% in November 2022.
- Leisure and hospitality sector saw the largest job gains in November 2022.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted employment trend measures the monthly changes in total nonfarm employment in the United States, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer picture of the underlying employment trends, which is a key indicator of the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted employment figures inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted employment data is typically released on a monthly basis, with a slight delay, by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU44000005051100001SA), retrieved from FRED.