Seasonally Adjusted
SMU42000004244800001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.51
Year-over-Year Change
2.20%
Date Range
1/1/1990 - 12/1/2022
Summary
The Seasonally Adjusted series measures the number of nonfarm jobs in the Seattle-Tacoma-Bellevue, WA metropolitan area, adjusted for seasonal variations. This key economic indicator provides insights into local employment trends and 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 employment series is a widely-used metric that removes the effects of predictable seasonal patterns, allowing analysts to better identify underlying economic trends. It is a valuable tool for policymakers, economists, and businesses to monitor the health and trajectory of the regional job market.
Methodology
The data is collected through monthly surveys of employers and adjusted using statistical models to account for seasonal factors.
Historical Context
Seasonally Adjusted employment figures are closely watched by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The Seasonally Adjusted series has been published since 1990.
- The Seattle metro area accounts for over 50% of Washington state's total nonfarm employment.
- Seasonal adjustments help identify trends like holiday hiring and summer job losses.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures nonfarm employment in the Seattle-Tacoma-Bellevue metropolitan area, with seasonal variations removed to provide a clearer picture of underlying labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This series is a key indicator of regional economic health and an important input for policymakers, economists, and businesses to assess the strength and trajectory of the local job market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers and then adjusted using statistical models to account for predictable seasonal patterns.
Q: How is this trend used in economic policy?
A: Seasonally Adjusted employment figures are closely monitored by the Federal Reserve and other institutions to inform decisions on monetary and fiscal policies that impact regional labor markets.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted series is published with a one-month lag, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU42000004244800001SA), retrieved from FRED.