All Employees: Construction in Maryland
Monthly, Seasonally Adjusted
SMU24000002000000001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.12
Year-over-Year Change
-2.46%
Date Range
1/1/1990 - 7/1/2025
Summary
This series measures the monthly, seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and economic health.
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, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This statistic is widely used by economists, policymakers, and analysts to assess the strength of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The U.S. unemployment rate averaged 3.8% in 2022.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve closely monitors the unemployment rate when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The monthly, seasonally adjusted unemployment rate tracks 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 unemployment rate is a key indicator of labor market conditions and overall economic health, making it widely used by economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a brief delay, and may be subject to revisions as more information becomes available.
Related Trends
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MDRPPALL
Real Gross Domestic Product: Private Industries in Maryland
MDPIRQGSP
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Maryland
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Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Maryland
SMU24000003100000008
Total Deposits in Commercial Banks in Maryland
X08TDCBTMD
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Maryland
MEDLISPRIPERSQUFEEMMMD
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU24000002000000001SA), retrieved from FRED.