Monthly, Seasonally Adjusted
SMU72000003232540001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.20
Year-over-Year Change
-1.94%
Date Range
1/1/1990 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted series measures the total private nonfarm employment in the Oklahoma City, OK Metropolitan Statistical Area. This key economic indicator provides insights into local labor market trends and 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
This monthly series from the U.S. Bureau of Labor Statistics tracks the total number of people employed in private nonfarm establishments in the Oklahoma City metro area, adjusted for seasonal variations. It is a commonly used metric for assessing regional economic performance and labor market health.
Methodology
The data is collected through surveys of private businesses and calculated using statistical methods to account for seasonal patterns.
Historical Context
Policymakers and economists analyze this regional employment data to inform decisions and gain a nuanced understanding of the local economy.
Key Facts
- The Oklahoma City metro area had over 640,000 private nonfarm jobs as of the latest data.
- Private sector employment in the region has grown by over 10% in the past decade.
- The largest private industry in Oklahoma City is trade, transportation, and utilities.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of people employed in private nonfarm establishments in the Oklahoma City, OK metropolitan area, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Regional employment data provides important insights into the local labor market and broader economic conditions, which are crucial for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and calculated using statistical methods to account for seasonal patterns.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this regional employment data to inform decisions and gain a nuanced understanding of the local economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Bureau of Labor Statistics, Monthly, Seasonally Adjusted (SMU72000003232540001SA), retrieved from FRED.