Manufacturing and Trade Sales, Total for United States
Seasonally Adjusted
M0602AUSM144SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,642.00
Year-over-Year Change
3.01%
Date Range
1/1/1939 - 12/1/1948
Summary
The Seasonally Adjusted series measures the unemployment rate in the United States after accounting for typical seasonal fluctuations. It is a key economic indicator used by policymakers to evaluate the health of the 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 is a widely-monitored metric that removes the effects of regular seasonal patterns, such as temporary holiday hiring or school-year changes. This allows for more accurate month-to-month comparisons and identification of underlying economic trends.
Methodology
The data is collected through the Current Population Survey and adjusted using statistical models to account for predictable seasonal variations.
Historical Context
The Seasonally Adjusted unemployment rate is closely watched by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and labor market interventions.
Key Facts
- The Seasonally Adjusted unemployment rate was 3.5% in February 2023.
- Seasonal adjustment helps reveal underlying trends in the labor market.
- The unemployment rate is a key input for Federal Reserve monetary 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, after accounting for typical seasonal fluctuations in employment.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted unemployment rate is a critical indicator of labor market health and a key input for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey and adjusted using statistical models to remove predictable seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and labor market interventions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate data is published monthly with a short lag, providing timely insights into the state of the U.S. labor market.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (M0602AUSM144SNBR), retrieved from FRED.