Seasonally Adjusted
SMU72000007072100007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.20
Year-over-Year Change
-0.85%
Date Range
1/1/2001 - 12/1/2013
Summary
The Seasonally Adjusted series measures employment in the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. This key economic indicator provides insight into local labor market conditions and 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 Seasonally Adjusted series is a statistical adjustment applied to economic data to remove the effects of seasonal variations, providing a clearer picture of underlying trends. This allows economists and policymakers to better analyze and interpret labor market dynamics.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analyzing this employment trend can inform local economic and workforce development initiatives.
Key Facts
- Seasonally adjusted data accounts for predictable seasonal variations.
- The Portland metro area has a population of over 2.5 million people.
- Employment trends can impact local infrastructure, housing, and services.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures employment levels in the Portland-Vancouver-Hillsboro, OR-WA metropolitan area, with adjustments made to account for predictable seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the local labor market, which can inform economic and workforce development strategies for the Portland region.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analyzing this employment trend can help policymakers and local institutions make informed decisions about infrastructure, housing, and other services to support the Portland metro area's economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short delay in reporting, but provides a reliable measure of employment trends in the Portland region.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000007072100007SA), retrieved from FRED.