Source: U.S. Bureau of Labor Statistics
Source: Federal Reserve Bank of St. Louis
Release: State and Metro Area Employment, Hours, and Earnings
This series is discontinued and will no longer be updated. The Federal Reserve Bank of St. Louis previously calculated this seasonally adjusted (SA) series based on the not seasonally adjusted (NSA) version available here. However, most of the earnings-related series do not have a significant seasonal component, so the values for both the SA and the NSA series are very similar. See the NSA series for updated values.
The Federal Reserve Bank of St. Louis previously used to seasonally adjust 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.
U.S. Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, Average Hourly Earnings of All Employees: Professional and Business Services in Pennsylvania (DISCONTINUED) [SMU42000006000000003SA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SMU42000006000000003SA, May 28, 2023.