All Employees: Professional and Business Services: Scientific Research and Development Services in Pennsylvania
Seasonally Adjusted
SMU42000006054170001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.91
Year-over-Year Change
1.47%
Date Range
1/1/1998 - 7/1/2025
Summary
This series measures the seasonally adjusted unemployment rate in the Chicago-Naperville-Elgin, IL-IN-WI metropolitan statistical area. It is a key economic indicator used by policymakers and analysts to track labor market conditions.
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 for the Chicago metro area provides a standardized measure of local employment levels, adjusted to account for typical seasonal patterns. This helps economists and officials assess the underlying state of the regional economy.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The Chicago unemployment rate is monitored by the Federal Reserve and local governments to inform monetary and fiscal policy decisions.
Key Facts
- The Chicago metro area has a population of over 9.5 million.
- The unemployment rate peaked at 11.6% in 2020 during the COVID-19 pandemic.
- Unemployment has since declined to 4.5% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This series measures the seasonally adjusted unemployment rate for the Chicago-Naperville-Elgin, IL-IN-WI metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The Chicago metro unemployment rate is a key economic indicator used by policymakers and analysts to track local labor market conditions and inform decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Chicago unemployment rate is monitored by the Federal Reserve and local governments to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
Housing Inventory: Pending Listing Count in Pennsylvania
PENLISCOUPA
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Pennsylvania
PECIUB0T4PA42000A647NCEN
State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Pennsylvania
PATOBACTAX
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Pennsylvania
PATRANGRNDTRANNGSP
Monthly State Retail Sales: Electronics and Appliance Stores in Pennsylvania
MSRSPA443
Housing Inventory: Active Listing Count Year-Over-Year in Pennsylvania
ACTLISCOUYYPA
Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU42000006054170001SA), retrieved from FRED.