All Employees: Leisure and Hospitality: Accommodation and Food Services in Florida
Seasonally Adjusted
SMS12000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,060.90
Year-over-Year Change
1.11%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the unemployment rate in the United States after accounting for seasonal variations. This key economic indicator provides a clearer picture of underlying labor market trends.
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 followed metric that removes the effects of predictable seasonal patterns, such as increased hiring around the holidays. This allows analysts to better identify true changes in the labor market and make more informed policy decisions.
Methodology
The U.S. Bureau of Labor Statistics calculates the Seasonally Adjusted unemployment rate using statistical models to smooth out recurring seasonal fluctuations.
Historical Context
The Seasonally Adjusted unemployment rate is a crucial input for policymakers at the Federal Reserve and other institutions monitoring the health of the U.S. economy.
Key Facts
- The Seasonally Adjusted unemployment rate was 3.5% in February 2020.
- Seasonal adjustments account for predictable fluctuations like holiday hiring.
- The Seasonally Adjusted rate provides a clearer signal of economic conditions.
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 expected seasonal variations in hiring and employment.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted unemployment rate is a key metric used by economists, policymakers, and investors to assess the underlying health of the U.S. labor market and broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates the Seasonally Adjusted unemployment rate using statistical models to smooth out recurring seasonal fluctuations in the data.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted unemployment rate is a crucial input for the Federal Reserve and other policymakers monitoring the health of the U.S. economy and making decisions on interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate is published monthly with a short lag, providing timely insights into current labor market conditions.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMS12000007072000001), retrieved from FRED.