Seasonally Adjusted
LRHUTTMAO1M156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-9.68%
Date Range
1/1/2005 - 9/1/2017
Summary
The Seasonally Adjusted Unemployment Rate measures the percentage of the civilian labor force that is jobless, with seasonal variations removed. It is a key indicator of economic health and labor market conditions.
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 is a monthly statistic published by the U.S. Bureau of Labor Statistics. It adjusts the raw unemployment rate to account for regular seasonal fluctuations, allowing for better analysis of underlying trends.
Methodology
The data is collected through the Current Population Survey and adjusted using statistical models.
Historical Context
Policymakers and economists closely monitor the Seasonally Adjusted Unemployment Rate to evaluate the strength of the labor market and inform economic policy decisions.
Key Facts
- The U.S. Seasonally Adjusted Unemployment Rate was 3.5% as of January 2023.
- Seasonal adjustment removes regular patterns like holiday hiring and school schedules.
- The Unemployment Rate is a lagging indicator, as it typically changes after other economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Unemployment Rate measures the percentage of the civilian labor force that is jobless, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted Unemployment Rate is a key indicator of the strength of the labor market and overall economic health, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey and adjusted using statistical models to remove regular seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted Unemployment Rate is closely monitored by policymakers to evaluate labor market conditions and inform decisions on economic policies and interventions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted Unemployment Rate is published monthly by the Bureau of Labor Statistics, with a typical release delay of around 3-4 weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Unemployment Rate (LRHUTTMAO1M156S), retrieved from FRED.