Seasonally Adjusted
SMU72000003100000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.10
Year-over-Year Change
-3.35%
Date Range
1/1/2001 - 12/1/2017
Summary
The Seasonally Adjusted series measures the unemployment rate in the U.S. This key economic indicator is closely monitored by policymakers and analysts to assess 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 is a widely used metric that removes regular seasonal patterns in hiring and layoffs to provide a clearer picture of underlying trends in the job market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate was 3.5% in 2019.
- The unemployment rate is a lagging economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and a critical input for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 closely monitored by the Federal Reserve and policymakers to inform decisions on interest rates and other economic interventions.
Q: Are there update delays or limitations?
A: The unemployment data is released monthly with a brief lag, and the seasonally adjusted figures may be subject to revisions.
Related Trends
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All Employees: Construction in Puerto Rico
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All Employees: Construction: Construction of Buildings in Puerto Rico
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All Employees: Manufacturing: Durable Goods in Puerto Rico
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All Employees: Professional and Business Services in Puerto Rico
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU72000003100000006SA), retrieved from FRED.