Production or Nonsupervisory Employees: Manufacturing in Washington
Seasonally Adjusted
SMU53000003000000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.33
Year-over-Year Change
3.14%
Date Range
1/1/2001 - 7/1/2025
Summary
The Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force that is jobless, with seasonal fluctuations removed. It is a key indicator of economic health and labor market conditions.
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 Seasonally Adjusted unemployment rate is a widely tracked metric that reflects the overall strength of the U.S. labor market. It accounts for recurring seasonal patterns in hiring and layoffs to provide a more accurate picture of underlying employment trends.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by policymakers, economists, and investors to assess the performance of the economy.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- Unemployment peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 62.3% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force that is jobless, with recurring seasonal patterns in employment removed.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of overall economic health and labor market conditions, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys 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 metric used by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a short lag, providing timely information on the labor market.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU53000003000000006SA), retrieved from FRED.