All Employees: Wholesale Trade in Alabama
Monthly, Seasonally Adjusted
SMS01000004100000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.10
Year-over-Year Change
-1.00%
Date Range
1/1/1990 - 7/1/2025
Summary
The Monthly, Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force that is unemployed, adjusted to account for seasonal variations. It is a key economic indicator used to assess labor market conditions.
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 monthly unemployment rate statistic, published by the U.S. Bureau of Labor Statistics, provides a snapshot of the overall health of the job market. It is closely watched by policymakers, economists, and investors to gauge the strength of the economy.
Methodology
The data is collected through household surveys and calculated as the percentage of the civilian labor force that is unemployed.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is monitored closely by financial markets.
Key Facts
- The U.S. unemployment rate was 3.5% in January 2020, the lowest in 50 years.
- The unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The manufacturing sector has seen a steady decline in unemployment over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force that is unemployed, after adjusting for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and economic performance, closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics and calculated as the percentage of the civilian labor force that is unemployed.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is monitored closely by financial markets to assess the strength of the economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Real Gross Domestic Product: Farms (111-112) in Alabama
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Citation
U.S. Bureau of Labor Statistics, Monthly, Seasonally Adjusted (SMS01000004100000001), retrieved from FRED.