All Employees: Government: State Government Educational Services in Utah
Seasonally Adjusted
SMU49000009092161101SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.57
Year-over-Year Change
5.67%
Date Range
1/1/2001 - 7/1/2025
Summary
The Seasonally Adjusted series measures employment levels in the private, nonfarm, service-providing sector of the U.S. economy. This economic indicator is important for assessing labor market trends and informing policy decisions.
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 accounts for regular, predictable variations in employment data, such as holiday hiring or summer job losses. This allows analysts to identify underlying economic patterns and track the health of the service sector.
Methodology
The data is collected through surveys of U.S. businesses and adjusted for seasonal factors.
Historical Context
This trend is closely monitored by policymakers and economists to gauge the strength of the broader economy.
Key Facts
- The service sector accounts for over 70% of U.S. GDP.
- Seasonal adjustments help identify economic patterns.
- This data is used to inform monetary and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment levels in the private, nonfarm, service-providing sector of the U.S. economy, accounting for regular, predictable variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing labor market trends and informing policy decisions, as the service sector is a major driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to gauge the strength of the service sector and the broader economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU49000009092161101SA), retrieved from FRED.