Source: U.S. Bureau of Labor Statistics
Source: Federal Reserve Bank of St. Louis
Release: State and Metro Area Employment, Hours, and Earnings
The Federal Reserve Bank of St. Louis seasonally adjusts this series by using the 'statsmodels' library from Python with default parameter settings. The package uses the U.S. Bureau of the Census X-13ARIMA-SEATS Seasonal Adjustment Program. More information on the 'statsmodels' X-13ARIMA-SEATS package can be found here. More information on X-13ARIMA-SEATS can be found here.
Many series include both seasonally adjusted (SA) and not seasonally adjusted (NSA) data. Occasionally, updates to the data will not include sufficient seasonal factors to trigger a seasonal adjustment. In these cases, the NSA series will be updated normally; but the SA series will also be updated with the NSA data. The NSA series can be located here here.
Some seasonally adjusted series may exhibit negative values because they are created from a seasonal adjustment process regardless of the actual meaning or interpretation of the given indicator."
Middlesex-Monmouth-Ocean, NJ constitutes a significant percentage of the state's total statewide employment. This series is calculated in addition to the New York-Wayne-White Plains, NY-NJ (MD)'s statistics because of it's importance to the state. For more details on non-standard area definitions, visit the additional resources of the Current Employment Statistics.
U.S. Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, All Employees: Manufacturing: Non-Durable Goods: Pharmaceutical and Medicine Manufacturing in Middlesex-Monmouth-Ocean, NJ [SMU34935653232540001SA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SMU34935653232540001SA, March 29, 2023.