Monthly, Not Seasonally Adjusted
SMU72000003232540001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.40
Year-over-Year Change
-1.91%
Date Range
1/1/1990 - 12/1/2013
Summary
This economic trend measures the total nonfarm employment in the New York-Newark-Jersey City, NY-NJ-PA metropolitan statistical area on a monthly basis without seasonal adjustments.
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 total nonfarm employment metric tracks the total number of paid employees working in the private and public sectors, excluding farm workers, private household employees, and the self-employed. This provides valuable insights into the overall health and trends of the regional labor market.
Methodology
The data is collected through a monthly survey of businesses and government agencies.
Historical Context
Policymakers and economists closely monitor this trend to assess regional economic conditions and inform policy decisions.
Key Facts
- The New York metropolitan area is the largest regional economy in the United States.
- Nonfarm employment accounts for over 95% of total employment in the region.
- Monthly employment data is released approximately 3 weeks after the end of each reference month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nonfarm employment in the New York-Newark-Jersey City, NY-NJ-PA metropolitan statistical area on a monthly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the overall health and trends of the regional labor market, which is crucial for policymakers and economists to assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: Monthly employment data is released approximately 3 weeks after the end of each reference month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU72000003232540001), retrieved from FRED.