All Employees: Manufacturing: Non-Durable Goods in Alabama
Annual, Not Seasonally Adjusted
SMU01000003200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.10
Year-over-Year Change
2.24%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into the overall state of the labor market and is closely monitored by economists and policymakers.
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 annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric offers a broad view of long-term employment trends, without the month-to-month volatility of seasonally adjusted data.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key indicator used by the Federal Reserve and other policymakers to evaluate the health of the economy and guide monetary and fiscal policies.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate reached a high of 9.3% in 2010 during the Great Recession.
- The rate has generally trended downward since the recession, falling to 3.7% in 2019 before the COVID-19 pandemic.
- Historically, the not seasonally adjusted rate is higher than the seasonally adjusted rate, as it does not smooth out regular seasonal fluctuations in employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides important insights into long-term employment trends, without the month-to-month volatility of seasonally adjusted data. It is a key indicator used by policymakers and economists to evaluate the overall health of the labor market.
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: The unemployment rate is a crucial metric used by the Federal Reserve and other policymakers to evaluate the state of the economy and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a relatively short delay, providing timely insights into long-term employment trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU01000003200000001A), retrieved from FRED.