Seasonally Adjusted
SMU72000003200000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-14.38%
Date Range
1/1/2001 - 12/1/2017
Summary
The Seasonally Adjusted employment trend measures the total number of nonfarm employees in the U.S. on a monthly basis, adjusting for typical seasonal variations. This metric is a key indicator of economic health and labor market conditions.
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 nonfarm employment series represents the total number of workers in the U.S. private and public sectors, excluding agricultural employees. Seasonal adjustment helps identify underlying economic trends by removing fluctuations due to regular events like holidays or weather patterns.
Methodology
The data is collected through surveys of U.S. businesses and government agencies, then adjusted for seasonal factors.
Historical Context
Policymakers and analysts closely monitor this employment trend to gauge the strength of the broader economy and inform decisions around monetary and fiscal policies.
Key Facts
- Seasonally adjusted data removes regular, predictable changes from the raw employment figures.
- Nonfarm payrolls exclude agricultural workers and provide a more comprehensive view of the labor market.
- The employment trend is a leading indicator, providing insight into the overall health of the economy.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted nonfarm employment series tracks the total number of workers in the U.S. private and public sectors, excluding agriculture, with adjustments made for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment trend is a key economic indicator that provides insight into the strength of the labor market and overall economic conditions. Policymakers and analysts use this data to inform decisions around monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and government agencies, then adjusted for seasonal factors to identify underlying trends.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the Seasonally Adjusted employment trend to gauge the health of the economy and make informed decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of a few weeks. The seasonal adjustment process may not fully capture all variations, so the trend should be viewed in the context of other economic indicators.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000003200000006SA), retrieved from FRED.