Average Weekly Hours of All Employees: Manufacturing in Alabama
Monthly
SMU01000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
3.23%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly trend measures the monthly unemployment rate in the United States. This key labor market indicator is closely monitored by economists and policymakers to assess the 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 trend represents the civilian unemployment rate in the U.S., which is the percentage of the labor force that is jobless. It is a widely-used metric for understanding the strength of the labor market and overall economic conditions.
Methodology
The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use the monthly unemployment rate to inform economic decisions and monitor the effects of fiscal and monetary policies.
Key Facts
- The U.S. unemployment rate in June 2022 was 3.6%.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest recorded unemployment rate in the U.S. was 2.5% in May 1953.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the civilian unemployment rate in the United States, which is the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The monthly unemployment rate is a key indicator of the health of the labor market and the overall economy, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the monthly unemployment rate to inform economic decisions and monitor the effects of fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The monthly unemployment rate data is released on a timely basis, with the latest figures typically available within a few weeks of the end of each month.
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Citation
U.S. Federal Reserve, Monthly (SMU01000003000000002), retrieved from FRED.