Sales: Manufacturing: Total Manufacturing: Value for United States
Monthly, Seasonally Adjusted
USASLMNTO02MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
588,082,000,000.00
Year-over-Year Change
0.65%
Date Range
1/1/1960 - 9/1/2023
Summary
The 'Monthly, Seasonally Adjusted' trend measures the national unemployment rate in the United States. It is a key economic indicator used by policymakers, analysts, and researchers to assess the 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
This series represents the percentage of the civilian labor force that is unemployed but actively seeking work, with seasonal adjustments to account for regular fluctuations. It is a widely followed metric for evaluating employment conditions and informing economic policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Unemployment figures influence decisions around monetary and fiscal policies aimed at promoting full employment and economic stability.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The current unemployment rate is below the historical average of around 5.8%.
- Unemployment is a lagging economic indicator, meaning it tends to rise after a recession has already begun.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the overall economy. It informs policymakers, businesses, and consumers about employment conditions and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Unemployment figures influence decisions around monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a relatively short delay, allowing for timely analysis of labor market conditions.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (USASLMNTO02MLSAM), retrieved from FRED.