Seasonally Adjusted
LFHUTTFEO1M647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,349,000.00
Year-over-Year Change
-7.89%
Date Range
1/1/2005 - 9/1/2017
Summary
The Seasonally Adjusted (LFHUTTFEO1M647S) series measures the unemployment rate in the United States, adjusted for seasonal variations. This key economic indicator is closely tracked by policymakers and analysts to assess the health of the labor market.
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 removes the effects of predictable seasonal patterns, such as holiday hiring and school graduations, to provide a clearer picture of underlying trends. This helps economists and policymakers better identify meaningful changes in labor force participation and unemployment.
Methodology
The U.S. Bureau of Labor Statistics collects the raw unemployment data and applies statistical adjustments to account for seasonal variations.
Historical Context
The Seasonally Adjusted unemployment rate is a critical input for the Federal Reserve and other institutions when evaluating the need for monetary policy changes.
Key Facts
- The Seasonally Adjusted unemployment rate is reported monthly.
- It measures the percentage of the civilian labor force that is jobless.
- The rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted unemployment rate measures the percentage of the U.S. civilian labor force that is currently jobless, with adjustments made to account for predictable seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator is closely monitored by policymakers, economists, and investors to assess the overall health of the economy and guide decisions on monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects the raw unemployment data and applies statistical adjustments to account for seasonal variations.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted unemployment rate is a critical input for the Federal Reserve and other institutions when evaluating the need for changes to monetary policy, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate is reported monthly, with a slight delay as the underlying data is collected and processed.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LFHUTTFEO1M647S), retrieved from FRED.