All Employees: Mining and Logging in Alabama
Monthly, Seasonally Adjusted
SMS01000001000000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.30
Year-over-Year Change
-2.11%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures the unemployment rate in the United States. This key labor market indicator is closely watched by policymakers and analysts to gauge the overall health of the economy.
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 monthly unemployment rate is a widely-used economic statistic that reflects the percentage of the total labor force that is jobless but actively seeking employment. It is a crucial metric for evaluating labor market dynamics and making informed policy decisions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a central consideration for the Federal Reserve and other policymakers when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, before the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- The civilian labor force participation rate was 62.2% in January 2023.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the percentage of the total labor force in the United States that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and performance of the labor market, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a central consideration for the Federal Reserve and other policymakers when setting monetary and fiscal policies to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of about two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMS01000001000000001), retrieved from FRED.