Monthly, Not Seasonally Adjusted
MZMNS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,998.60
Year-over-Year Change
28.33%
Date Range
1/1/1959 - 1/1/2021
Summary
The Monthly, Not Seasonally Adjusted (MZMNS) series provides raw economic data without statistical smoothing or adjustment for predictable seasonal variations. This unfiltered data offers economists a direct view of economic fluctuations before standard normalization techniques are applied.
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 trend represents the raw, unadjusted monthly economic measurements that capture actual data points without removing seasonal patterns or cyclical influences. Economists use this data to understand granular economic movements and validate seasonally adjusted figures.
Methodology
Data is collected through comprehensive economic surveys, financial reporting, and government statistical tracking systems that compile monthly economic indicators.
Historical Context
Policymakers and financial analysts use this non-seasonally adjusted data to identify underlying economic trends and validate statistical modeling techniques.
Key Facts
- Provides raw economic data without seasonal adjustments
- Offers unfiltered view of economic fluctuations
- Critical for understanding granular economic movements
FAQs
Q: What does 'not seasonally adjusted' mean?
A: Not seasonally adjusted data shows raw economic measurements without removing predictable seasonal variations like holiday spending or weather-related economic changes.
Q: Why is non-seasonally adjusted data important?
A: It provides a direct view of actual economic performance before statistical smoothing, helping economists understand underlying economic dynamics.
Q: How is this data different from seasonally adjusted data?
A: Non-seasonally adjusted data reflects actual monthly measurements, while seasonally adjusted data removes predictable cyclical patterns to reveal underlying trends.
Q: Who uses this type of economic data?
A: Economists, policymakers, financial analysts, and researchers use non-seasonally adjusted data to validate statistical models and understand economic variations.
Q: How frequently is this data updated?
A: Typically, this data is updated monthly, providing a current snapshot of economic indicators without statistical modifications.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted [MZMNS], retrieved from FRED.
Last Checked: 8/1/2025