All Employees: Professional and Business Services: Advertising, Public Relations, and Related Services in Illinois
Seasonally Adjusted
SMU17000006054180001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.79
Year-over-Year Change
-2.90%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures nonfarm employment levels in Arizona, adjusting for regular seasonal patterns. This metric is crucial for analyzing labor market trends and informing economic policy decisions.
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 accounts for predictable, recurring fluctuations in employment data, such as increased hiring around holidays. This helps economists and policymakers identify underlying labor market conditions and changes.
Methodology
The data is collected through surveys of business establishments and adjusted using statistical models to remove seasonal effects.
Historical Context
Seasonally adjusted employment data is widely used to monitor the health of the labor market and inform monetary and fiscal policy.
Key Facts
- Arizona's nonfarm employment is a key indicator of the state's economic activity.
- Seasonal adjustments help identify long-term trends in the labor market.
- Policymakers use seasonally adjusted data to evaluate the need for interventions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures nonfarm employment levels in Arizona, accounting for regular seasonal patterns in the data.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted employment data is crucial for analyzing labor market trends and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments and adjusted using statistical models to remove seasonal effects.
Q: How is this trend used in economic policy?
A: Seasonally adjusted employment data is widely used by policymakers to monitor the health of the labor market and inform monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU17000006054180001SA), retrieved from FRED.