Manufacturers' Inventories, Nondurable Goods Industries for United States
Seasonally Adjusted
M0519AUSM144SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,534.00
Year-over-Year Change
17.79%
Date Range
1/1/1939 - 12/1/1950
Summary
The Seasonally Adjusted unemployment rate measures the percentage of the U.S. civilian labor force that is jobless, accounting for typical seasonal variations in employment.
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 key economic indicator used to assess the health of the U.S. labor market. It provides a more accurate picture of employment trends by removing the effects of seasonal hiring and layoff patterns.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor the Seasonally Adjusted unemployment rate to inform economic and monetary policy decisions.
Key Facts
- The Seasonally Adjusted unemployment rate was 3.5% in January 2023.
- The unemployment rate has declined significantly from its pandemic peak of 14.7% in April 2020.
- The unemployment rate is a closely watched metric for assessing the strength of the U.S. economy.
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 jobless, accounting for typical seasonal variations in employment.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted unemployment rate is a key indicator of the health of the U.S. labor market, and it is closely monitored by policymakers, economists, and investors to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Seasonally Adjusted unemployment rate to inform economic and monetary policy decisions, such as setting interest rates and making adjustments to fiscal policies.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate is reported monthly, with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (M0519AUSM144SNBR), retrieved from FRED.