All Employees: Professional and Business Services: Services to Buildings and Dwellings in Maryland
Not Seasonally Adjusted
SMU24000006056170001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.40
Year-over-Year Change
-2.73%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' series measures the number of job openings in the U.S. private sector on the last business day of the previous month. This data provides insight into labor market dynamics and hiring trends.
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 Job Openings and Labor Turnover Survey (JOLTS) collects data on the number of job openings, hires, and separations each month. The not seasonally adjusted data removes the impact of regular seasonal patterns, offering a raw view of labor market conditions.
Methodology
The U.S. Bureau of Labor Statistics surveys a sample of private-sector businesses to collect the job openings data.
Historical Context
This metric is closely monitored by economists and policymakers to assess the strength of the labor market.
Key Facts
- Job openings reached a record high of 11.5 million in March 2022.
- The job openings rate was 7.1% in March 2022.
- Employers have struggled to fill open positions during the post-pandemic recovery.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series measures the number of job openings in the U.S. private sector on the last business day of the previous month.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market dynamics and hiring trends, which are closely monitored by economists and policymakers to assess the strength of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics surveys a sample of private-sector businesses to collect the job openings data.
Q: How is this trend used in economic policy?
A: The job openings data is used by policymakers and analysts to gauge the health of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The job openings data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (SMU24000006056170001), retrieved from FRED.