All Employees: Professional and Business Services in Mississippi
Annual, Not Seasonally Adjusted
SMU28000006000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.70
Year-over-Year Change
22.60%
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 health and stability 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, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment. This long-running economic indicator is a key barometer of economic conditions and is closely monitored by policymakers.
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 a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. unemployment rate averaged 5.3% in 2021.
- Unemployment is a lagging economic indicator that often peaks after a recession has ended.
- High unemployment can lead to reduced consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the U.S. 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 the overall health and stability of the U.S. labor market, and is closely monitored by policymakers, economists, and market participants.
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 a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a relatively short lag, allowing for timely analysis of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU28000006000000001A), retrieved from FRED.