Hires: Total Nonfarm in Northeast Census Region
Rate, Not Seasonally Adjusted
JTU00NEHIR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
2.70%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' economic trend measures the monthly rate of new hires in the U.S. labor market. It provides key insights into hiring dynamics and labor demand.
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 data series tracks the percentage of total employed individuals who were hired into their current job in a given month, without seasonal adjustments. It is a valuable indicator of labor market strength and flexibility.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and economists closely monitor this metric to gauge the health of the labor market and inform economic policy decisions.
Key Facts
- The U.S. new hire rate averaged 3.7% per month in 2022.
- Hiring rates tend to be higher during economic expansions and lower during recessions.
- The new hire rate provides a timely signal of changes in labor demand.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' metric tracks the monthly percentage of employed individuals who were newly hired into their current jobs.
Q: Why is this trend relevant for users or analysts?
A: This measure provides valuable insights into the strength and dynamism of the U.S. labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the new hire rate to gauge labor market conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The new hire rate data is published monthly by the U.S. Bureau of Labor Statistics, with a typical lag of around one month.
Related Trends
Expenditures: Household Textiles by Region: Residence in the Northeast Census Region
CXUHHTXTILELB1102M
New Privately-Owned Housing Units Authorized but Not Started: Single-Family Units in the Northeast Census Region
AUTHNOTNE1U
Expenditures: Fresh Fruits by Region: Residence in the Northeast Census Region
CXUFRSHFRUTLB1102M
New Privately Owned Housing Starts by Purpose of Construction, Owner-Built One-Family Units in the Northeast Census Region
HOUSTOB1FNEQ
Housing Inventory Estimate: Renter Occupied Housing Units in the Northeast Census Region
ERNTOCCNEQ176N
Expenditures: Vehicle Purchases: Cars and Trucks, Used by Region: Residence in the Northeast Census Region
CXUUSEDCARSLB1102M
Citation
U.S. Federal Reserve, Rate, Not Seasonally Adjusted (JTU00NEHIR), retrieved from FRED.