All Employees: Transportation and Utilities: Utilities in Maryland
Seasonally Adjusted
SMU24000004322000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.46
Year-over-Year Change
-3.97%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the trend in job openings in the United States, adjusted for predictable seasonal variations. This metric is closely watched by economists and policymakers to gauge labor market 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
The Seasonally Adjusted series provides a more accurate picture of the underlying job openings trend by removing the impact of seasonal hiring patterns. This allows analysts to identify true changes in labor demand over time.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) and seasonally adjusted using statistical methods.
Historical Context
Trends in job openings are a key input for Federal Reserve policy decisions and economic forecasting.
Key Facts
- Job openings reached a record high of 11.9 million in March 2022.
- The job openings rate was 7.4% in April 2022, indicating tight labor market conditions.
- Persistently high job openings have contributed to rising wage pressures in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the underlying level of job openings in the United States, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: Tracking job openings is crucial for understanding labor market dynamics and informing economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Job Openings and Labor Turnover Survey (JOLTS) and seasonally adjusted using statistical methods.
Q: How is this trend used in economic policy?
A: Trends in job openings are a key input for Federal Reserve policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted series is published monthly by the U.S. Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU24000004322000001SA), retrieved from FRED.