All Employees: Construction: Construction of Buildings in Utah
Annual, Not Seasonally Adjusted
SMU49000002023600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.50
Year-over-Year Change
122.63%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total nonfarm employment in the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area. It provides insight into the overall employment conditions in the region.
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 annual, not seasonally adjusted total nonfarm employment metric tracks the total number of jobs, excluding farm workers, in the Portland-Vancouver-Hillsboro metropolitan area on a yearly basis without adjusting for seasonal variations. This data point is used by economists and policymakers to analyze regional labor market trends and inform economic policy decisions.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding the broader economic conditions and labor market dynamics in the Portland-Vancouver-Hillsboro region.
Key Facts
- The Portland-Vancouver-Hillsboro metropolitan area had over 1.2 million total nonfarm jobs in 2021.
- Employment in the region has grown by an average of 2% per year over the past decade.
- The service sector accounts for the majority of nonfarm jobs in the Portland-Vancouver-Hillsboro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total nonfarm employment in the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides insight into the overall labor market conditions in the Portland-Vancouver-Hillsboro region, which is useful for economists and policymakers analyzing regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to understand regional labor market dynamics and inform economic policy decisions affecting the Portland-Vancouver-Hillsboro metropolitan area.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this annual, not seasonally adjusted employment data, and the figures may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU49000002023600001A), retrieved from FRED.