All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Louisiana
Seasonally Adjusted
SMU22000005552200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.86
Year-over-Year Change
-3.80%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted Series ID measures the month-over-month change in total nonfarm employment for the Seattle-Tacoma-Bellevue, WA metropolitan area. This trend is a key indicator of local economic health and labor market dynamics.
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 Series ID represents the change in total nonfarm employment, adjusted to account for expected seasonal variations. It provides a clearer picture of underlying economic trends by removing the impact of regular, predictable fluctuations in employment levels.
Methodology
The data is collected through surveys of business establishments and adjusted using statistical models to remove seasonal effects.
Historical Context
This employment trend is closely watched by policymakers, economists, and businesses to gauge the strength of the local labor market and broader economic conditions.
Key Facts
- The Seattle metro area has seen steady job growth in recent years.
- Seasonal adjustments help identify underlying employment trends.
- Changes in this metric impact local consumer spending and business investment.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Series ID measures the month-over-month change in total nonfarm employment for the Seattle-Tacoma-Bellevue, WA metropolitan area, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator of local economic health and labor market dynamics, providing insights that are useful for policymakers, economists, and businesses.
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: Changes in this employment metric are closely watched by policymakers, economists, and businesses to gauge the strength of the local labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU22000005552200001SA), retrieved from FRED.