Seasonally Adjusted
SMU72000003132700007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.40
Year-over-Year Change
-4.46%
Date Range
1/1/2001 - 12/1/2017
Summary
The Seasonally Adjusted series measures total nonfarm employment in the Salt Lake City, UT Metropolitan Statistical Area on a seasonally adjusted basis. It is a key indicator of regional economic activity and 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 adjusts the total nonfarm employment data for Salt Lake City, UT to account for regular seasonal fluctuations, providing a clearer picture of underlying employment growth or decline. Economists and policymakers use this metric to analyze labor market health and business cycle dynamics.
Methodology
The data is collected through monthly surveys of establishments and adjusted using statistical methods to remove seasonal patterns.
Historical Context
This series is used to inform regional economic and labor market policy decisions.
Key Facts
- Salt Lake City is the largest metropolitan area in Utah.
- Nonfarm employment accounts for over 90% of total employment in the region.
- Seasonal adjustment helps isolate underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures total nonfarm employment in the Salt Lake City, UT Metropolitan Statistical Area, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer picture of the underlying labor market conditions in the Salt Lake City region, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments and adjusted using statistical methods to remove seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted series is used by economists and policymakers to monitor regional economic and labor market conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000003132700007SA), retrieved from FRED.