All Employees: Goods Producing in Massachusetts
Annual
SMU25000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401.70
Year-over-Year Change
9.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual series measures the annual average unemployment rate for the United States. This economic indicator is a key metric for understanding the overall health and performance of the U.S. labor market.
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 unemployment rate represents the average percentage of the civilian labor force that was jobless over the course of a calendar year. This series is a widely followed indicator of the broader economic conditions and is used by policymakers, analysts, and businesses to inform 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 annual unemployment rate is a critical input for Federal Reserve monetary policy and helps guide decisions on interest rates and other interventions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- Unemployment spiked to 8.1% in 2020 due to the COVID-19 pandemic.
- The series dates back to 1948 and is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average unemployment rate across an entire calendar year for the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of overall labor market health and a critical input for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a primary consideration for the Federal Reserve in setting monetary policy, including interest rate decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate is published with a short lag, typically 1-2 months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (SMU25000000600000001A), retrieved from FRED.