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Monthly, Not Seasonally Adjusted

SMU39000005051700001 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

18.10

Year-over-Year Change

-3.72%

Date Range

1/1/1990 - 7/1/2025

Summary

This series measures the monthly unemployment rate in the U.S., without seasonal adjustments. It provides important insights into labor market dynamics for 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 monthly, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This unadjusted metric offers a raw view of labor market conditions, which can complement the more widely reported seasonally adjusted unemployment rate.

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 key indicator used by the Federal Reserve and other policymakers to assess the health of the economy.

Key Facts

  • The U.S. unemployment rate was 3.5% in February 2020, before the COVID-19 pandemic.
  • The rate peaked at 14.7% in April 2020 during the height of pandemic-related lockdowns.
  • As of January 2023, the monthly, not seasonally adjusted unemployment rate was 3.5%.

FAQs

Q: What does this economic trend measure?

A: This series measures the monthly unemployment rate in the United States, without adjusting for seasonal variations in the labor force.

Q: Why is this trend relevant for users or analysts?

A: The unadjusted unemployment rate provides a raw view of labor market conditions, which can offer important insights to economists, policymakers, 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 key indicator used by the Federal Reserve and other policymakers to assess the health of the economy and inform policy decisions.

Q: Are there update delays or limitations?

A: The not seasonally adjusted unemployment rate data is released monthly, with the same publication schedule as the more widely reported seasonally adjusted rate.

Similar SMU Trends

Citation

U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU39000005051700001), retrieved from FRED.