Monthly, Seasonally Adjusted
SMU72000006562100007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.30
Year-over-Year Change
-0.26%
Date Range
1/1/2001 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted series measures total nonfarm employment levels in the Milwaukee-Waukesha-West Allis, WI metropolitan area. This metric is a key indicator of economic health and labor market conditions in the region.
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 Monthly, Seasonally Adjusted series provides a seasonally adjusted count of total employees in nonfarm industries within the Milwaukee metropolitan statistical area. It is a widely followed economic indicator that reflects the overall strength and stability of the local job market.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the performance of the Milwaukee economy and inform decisions around employment, economic development, and workforce programs.
Key Facts
- Milwaukee metro area has a population of over 1.6 million.
- Nonfarm employment is a broader measure than just manufacturing jobs.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series measures total nonfarm employment levels in the Milwaukee-Waukesha-West Allis, WI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and labor market conditions in the Milwaukee region, which is important for policymakers, businesses, and residents.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the performance of the Milwaukee economy and inform decisions around employment, economic development, and workforce programs.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with a typical 1-2 month delay.
Related Trends
All Employees: Education and Health Services: Private Education and Health Services in Puerto Rico
SMS72000006500000001
All Employees: Financial Activities: Real Estate and Rental and Leasing in Puerto Rico
SMU72000005553000001
All Employees: Mining and Logging in Puerto Rico
SMU72000001000000001
All Employees: Education and Health Services: Ambulatory Health Care Services in Puerto Rico
SMU72000006562100001
Civilian Labor Force in Puerto Rico
PRLFN
All Employees: Durable Goods: Miscellaneous Durable Goods Manufacturing in Puerto Rico
SMU72000003133900001A
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000006562100007SA), retrieved from FRED.