Consumer Price Index for All Urban Wage Earners and Clerical Workers: Commodities Less Food and Beverages in U.S. City Average
Not Seasonally Adjusted
CWUR0000SACL11 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.99
Year-over-Year Change
-0.98%
Date Range
1/1/1967 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' series measures the ratio of the unemployment rate to the Congressional Budget Office's estimate of the natural rate of unemployment. It provides a gauge of labor market slack that is unaffected by seasonal fluctuations.
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
This economic indicator tracks the relationship between the actual unemployment rate and the estimated natural rate of unemployment. It is used to assess the degree of labor market tightness or slack, which informs policymakers' decisions on monetary and fiscal measures.
Methodology
The data is calculated by dividing the monthly unemployment rate by the CBO's estimate of the long-run natural rate of unemployment.
Historical Context
The 'Not Seasonally Adjusted' ratio is a key input for the Federal Reserve in setting appropriate monetary policy to achieve its dual mandate of price stability and maximum employment.
Key Facts
- The ratio has ranged from 0.82 to 1.36 since 1949.
- Values above 1 indicate labor market slack, while values below 1 suggest tightness.
- The ratio reached a peak of 1.36 during the Great Recession in 2009.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series measures the ratio of the actual unemployment rate to the Congressional Budget Office's estimate of the natural rate of unemployment.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides a gauge of labor market slack that is unaffected by seasonal fluctuations, which is a key input for policymakers in setting appropriate monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by dividing the monthly unemployment rate by the CBO's estimate of the long-run natural rate of unemployment.
Q: How is this trend used in economic policy?
A: The 'Not Seasonally Adjusted' ratio is a crucial indicator used by the Federal Reserve in setting monetary policy to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to revisions by the Federal Reserve and the Congressional Budget Office.
Related Trends
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Chained Consumer Price Index for All Urban Consumers: Durables in U.S. City Average
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Consumer Price Index for All Urban Consumers: Services in U.S. City Average
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Chained Consumer Price Index for All Urban Consumers: Nondurables in U.S. City Average
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (CWUR0000SACL11), retrieved from FRED.