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Not Seasonally Adjusted

SMU49000004348100001 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

9.30

Year-over-Year Change

1.09%

Date Range

1/1/1990 - 7/1/2025

Summary

The 'Not Seasonally Adjusted' data series measures the change in national employment levels before adjusting for seasonal variations. This provides an important raw data source for economists and policymakers to analyze 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 'Not Seasonally Adjusted' employment data represents the total number of employed persons in the United States, as reported without accounting for typical seasonal hiring and layoff patterns. This unrefined metric offers insight into underlying market dynamics that can be obscured by seasonal adjustments.

Methodology

The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses and government agencies.

Historical Context

This unadjusted employment data is used by the Federal Reserve, Department of Labor, and private analysts to assess the true state of the labor market.

Key Facts

  • The U.S. labor force totaled over 164 million workers in 2022.
  • Unadjusted data shows more month-to-month volatility than seasonally adjusted figures.
  • Economists closely monitor raw employment trends to gauge the strength of the economy.

FAQs

Q: What does this economic trend measure?

A: The 'Not Seasonally Adjusted' data series tracks the total number of employed persons in the United States, without accounting for typical seasonal hiring and layoff patterns.

Q: Why is this trend relevant for users or analysts?

A: This unrefined employment data offers a valuable raw perspective on labor market dynamics that can be obscured by seasonal adjustments, making it important for economic analysis and policymaking.

Q: How is this data collected or calculated?

A: The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses and government agencies.

Q: How is this trend used in economic policy?

A: The Federal Reserve, Department of Labor, and private analysts use this unadjusted employment data to assess the true state of the labor market and inform economic policymaking.

Q: Are there update delays or limitations?

A: The 'Not Seasonally Adjusted' employment data is published monthly with a typical 1-2 month lag, providing a timely but retrospective view of labor force trends.

Related Trends

Citation

U.S. Federal Reserve, Not Seasonally Adjusted (SMU49000004348100001), retrieved from FRED.