All Employees: Education and Health Services: Health Care and Social Assistance in Illinois
Seasonally Adjusted
SMS17000006562000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
858.70
Year-over-Year Change
2.41%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the number of new unemployment insurance claims filed in the United States on a weekly basis. This important economic indicator provides insights into 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 series aims to remove regular, predictable variations in weekly unemployment claims data due to factors like holidays and seasonal hiring patterns. This allows economists and policymakers to better identify underlying trends and changes in the job market.
Methodology
The data is collected and adjusted by the U.S. Department of Labor using statistical models.
Historical Context
Tracking this metric helps inform decisions on economic policy, monetary policy, and business planning.
Key Facts
- Weekly unemployment claims peaked at over 6 million during the COVID-19 pandemic.
- The Seasonally Adjusted series provides a more reliable indicator than raw claim counts.
- Declining unemployment claims generally signal a strengthening job market.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the number of new unemployment insurance claims filed in the United States on a weekly basis, with regular seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and direction of the U.S. labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and seasonally adjusted by the U.S. Department of Labor using statistical models.
Q: How is this trend used in economic policy?
A: Tracking this metric helps inform decisions on economic policy, monetary policy, and business planning by providing a reliable indicator of labor market conditions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted data is released weekly by the Department of Labor, with a relatively short time lag compared to other labor market indicators.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMS17000006562000001), retrieved from FRED.