Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Montana
Monthly
SMU30000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.10
Year-over-Year Change
1.79%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly unemployment rate measures the percentage of the US civilian labor force that is unemployed. This key economic indicator is closely watched by policymakers and analysts to assess the overall health of the 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 Monthly unemployment rate tracks the share of the civilian labor force that is jobless but actively seeking employment. It is a crucial measure of economic activity and a leading indicator used to guide fiscal and monetary policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the US Census Bureau.
Historical Context
The unemployment rate is a core statistic referenced by the Federal Reserve, Congressional Budget Office, and other government agencies to inform economic policy.
Key Facts
- The current US unemployment rate is 3.5%.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has averaged 5.8% over the past 20 years.
FAQs
Q: What does the Monthly unemployment rate measure?
A: The Monthly unemployment rate tracks the percentage of the US civilian labor force that is jobless but actively seeking employment.
Q: Why is the unemployment rate relevant for users or analysts?
A: The unemployment rate is a key indicator of overall economic health and a primary input for fiscal and monetary policy decisions.
Q: How is the unemployment rate data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the US Census Bureau.
Q: How is the unemployment rate used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve, Congressional Budget Office, and other government agencies to inform fiscal and monetary policy.
Q: Are there any update delays or limitations with the unemployment rate data?
A: The unemployment rate is released monthly with a brief lag, providing timely insights into the state of the labor market.
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Citation
U.S. Federal Reserve, Monthly Unemployment Rate (SMU30000004000000002), retrieved from FRED.