Monthly, Not Seasonally Adjusted
SMU15000001523600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.60
Year-over-Year Change
18.37%
Date Range
1/1/1990 - 12/1/2015
Summary
This U.S. economic trend measures the monthly unemployment rate for the San Jose-Sunnyvale-Santa Clara, CA metropolitan area. The unemployment rate is a key indicator of local labor market conditions and economic performance.
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 not seasonally adjusted unemployment rate for the San Jose metropolitan area tracks the share of the local labor force that is jobless. This metric is widely used by economists and policymakers to assess regional economic trends and inform workforce development strategies.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for federal, state, and local economic policy decisions.
Key Facts
- The San Jose metro area has a population of over 2 million.
- Unemployment peaked at 11.2% in 2010 after the Great Recession.
- The region's jobless rate has remained below the national average since 2014.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for the San Jose-Sunnyvale-Santa Clara, CA metropolitan statistical area on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The San Jose metro area unemployment rate is a key indicator of local labor market conditions and economic performance, providing crucial insights for policymakers, businesses, and jobseekers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for federal, state, and local economic policy decisions, informing workforce development strategies and assessing regional economic health.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU15000001523600001), retrieved from FRED.