Monthly, Not Seasonally Adjusted

H0M3M2NM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

3,560.70

Year-over-Year Change

15.00%

Date Range

1/1/1959 - 2/1/2006

Summary

This economic trend represents a monthly, non-seasonally adjusted data series tracked by the U.S. Federal Reserve. The unmodified monthly data provides a raw snapshot of economic activity without statistical smoothing or seasonal adjustments.

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

Economists use non-seasonally adjusted data to understand raw economic fluctuations and underlying patterns before normalization techniques are applied. This approach reveals unfiltered monthly variations that might be obscured by seasonal adjustment methodologies.

Methodology

Data is collected through systematic federal economic surveys and administrative records, then compiled and reported without applying seasonal modification algorithms.

Historical Context

Policymakers and financial analysts use this raw data to assess immediate economic conditions and validate seasonal adjustment models.

Key Facts

  • Represents unmodified monthly economic data
  • Provides direct insight into raw economic fluctuations
  • Useful for understanding baseline economic movements

FAQs

Q: What does 'not seasonally adjusted' mean?

A: It means the data reflects actual monthly values without statistical techniques to remove predictable seasonal patterns like holiday spending or summer employment.

Q: Why are non-seasonally adjusted figures important?

A: They show raw economic activity before normalization, helping analysts understand genuine month-to-month changes without smoothing effects.

Q: How is this different from seasonally adjusted data?

A: Non-seasonally adjusted data shows actual recorded values, while seasonally adjusted data removes predictable cyclical variations to reveal underlying trends.

Q: Who typically uses this type of data?

A: Economists, financial researchers, policy analysts, and market strategists use non-seasonally adjusted data for detailed economic analysis.

Q: How frequently is this data updated?

A: This series is typically updated monthly, providing a current snapshot of economic conditions without retrospective adjustments.

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Citation

U.S. Federal Reserve, Monthly, Not Seasonally Adjusted [H0M3M2NM], retrieved from FRED.

Last Checked: 8/1/2025