All Employees: Government: Federal Government in Mississippi
Seasonally Adjusted
SMS28000009091000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.70
Year-over-Year Change
-2.91%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the monthly unemployment rate in the United States, adjusted for typical seasonal variations. This widely-watched economic indicator provides insight into the health of the U.S. labor market.
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 unemployment rate series accounts for regular, recurring seasonal patterns in employment data, such as increased hiring around the holidays. Adjusting for these seasonal effects allows economists and policymakers to more accurately analyze underlying labor market trends.
Methodology
The U.S. Bureau of Labor Statistics calculates this series using a statistical model to remove typical seasonal fluctuations from the raw unemployment data.
Historical Context
The Seasonally Adjusted unemployment rate is a key input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The unemployment rate has ranged from 3.5% to 14.7% over the past decade.
- Seasonal adjustment accounts for regular fluctuations like holiday hiring.
- The Federal Reserve uses this data to guide interest rate and policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted unemployment rate measures the percentage of the U.S. labor force that is jobless, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer picture of underlying labor market conditions, which is crucial for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics uses a statistical model to adjust the raw unemployment data for typical seasonal patterns.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the Seasonally Adjusted unemployment rate to guide monetary policy decisions that aim to maintain full employment and price stability.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate is published monthly with a lag of approximately two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMS28000009091000001), retrieved from FRED.