All Employees: Professional and Business Services: Business Support Services in Illinois
Seasonally Adjusted
SMU17000006056140001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.14
Year-over-Year Change
-4.77%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted employment level measures the total number of nonfarm jobs in the U.S. economy after accounting for typical seasonal variations. It is a key indicator used by economists and policymakers to assess the overall health of the labor market.
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 employment level is a monthly measure published by the U.S. Bureau of Labor Statistics. It provides a more accurate picture of employment trends by removing regular seasonal fluctuations, such as temporary holiday hiring or summer school breaks, to reveal the underlying economic conditions.
Methodology
The data is collected through a monthly survey of employers and adjusted using statistical models to account for seasonal patterns.
Historical Context
This series is closely watched by the Federal Reserve and other economic analysts to inform monetary policy decisions and economic forecasting.
Key Facts
- The series dates back to 1939.
- Nonfarm payroll employment is one of the most closely watched economic indicators.
- Seasonal adjustment helps identify underlying trends in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted employment level measures the total number of nonfarm jobs in the U.S. economy after accounting for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This series is a key indicator used by economists and policymakers to assess the overall health of the labor market and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers and adjusted using statistical models to account for seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted employment level is closely watched by the Federal Reserve and other economic analysts to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the state of the labor market.
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Citation
U.S. Bureau of Labor Statistics, Seasonally Adjusted (SMU17000006056140001SA), retrieved from FRED.