Annual, Not Seasonally Adjusted
Seasonally Adjusted
LRUN25TTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
-25.83%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Seasonally Adjusted' economic trend measures the unemployment rate in Kansas, adjusted to account for typical seasonal variations in labor force participation and hiring.
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
This data series from the U.S. Bureau of Labor Statistics provides a seasonally adjusted unemployment rate for the state of Kansas. Seasonal adjustment helps economists and policymakers interpret labor market conditions by removing predictable fluctuations due to factors like weather, holidays, and school schedules.
Methodology
The data is calculated using statistical models to remove seasonal patterns from the raw unemployment figures.
Historical Context
Policymakers and analysts use this data to assess the underlying health of the Kansas labor market and make informed decisions.
Key Facts
- Kansas unemployment rate is currently 3.2%.
- Seasonal adjustment removes predictable fluctuations.
- Data is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' trend measures the unemployment rate in Kansas, with adjustments made to account for typical seasonal variations in labor force participation and hiring.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted data helps economists and policymakers better interpret the underlying health of the Kansas labor market by removing predictable fluctuations due to factors like weather, holidays, and school schedules.
Q: How is this data collected or calculated?
A: The data is calculated using statistical models to remove seasonal patterns from the raw unemployment figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this seasonally adjusted unemployment data for Kansas to assess labor market conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Bureau of Labor Statistics, Seasonally Adjusted (LRUN25TTDKA156S), retrieved from FRED.