Production or Nonsupervisory Employees: Manufacturing: Durable Goods in South Carolina
Seasonally Adjusted
SMU45000003100000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.32
Year-over-Year Change
1.19%
Date Range
1/1/2001 - 7/1/2025
Summary
The Seasonally Adjusted employment trend tracks monthly changes in total nonfarm employment, adjusted for seasonal variations. It's a key indicator of the health and growth of the U.S. 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 data from the U.S. Bureau of Labor Statistics removes regular seasonal fluctuations, enabling analysts to identify underlying trends and changes in the economy. It's widely used to monitor employment levels and project economic conditions.
Methodology
The data is calculated through statistical models that account for predictable seasonal patterns in hiring, layoffs, and other employment factors.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the labor market and guide economic and monetary policy decisions.
Key Facts
- Employment increased by 263,000 in March 2023.
- The unemployment rate remained at 3.5% in March 2023.
- Job growth has averaged 231,000 per month over the past 3 months.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted employment trend measures monthly changes in total nonfarm employment, with seasonal variations removed to reveal underlying trends.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and growth of the U.S. labor market, which is closely watched by policymakers, economists, and investors to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using statistical models that account for predictable seasonal patterns in hiring and layoffs.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to guide decisions on monetary and fiscal policy, as employment levels are a crucial factor in assessing the overall state of the economy.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted employment data is released monthly by the Bureau of Labor Statistics, with a typical 1-month delay. There may be revisions to previous months' data as more information becomes available.
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Citation
U.S. Bureau of Labor Statistics, Seasonally Adjusted Employment (SMU45000003100000006SA), retrieved from FRED.