New Private Housing Units Authorized by Building Permits for Utah
Seasonally Adjusted
UTBPPRIVSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,691.19
Year-over-Year Change
-11.46%
Date Range
1/1/1988 - 6/1/2025
Summary
The Seasonally Adjusted Unemployment Rate is a key economic indicator that tracks the percentage of the civilian labor force that is jobless. It is a crucial metric for policymakers and economists assessing 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
The Seasonally Adjusted Unemployment Rate is a statistical measure that removes regular seasonal fluctuations, providing a clearer picture of underlying labor market trends. It is widely used to analyze employment dynamics and inform economic policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other policymakers to gauge the strength of the economy and guide monetary and fiscal policy.
Key Facts
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The pre-pandemic unemployment rate in February 2020 was 3.5%, a 50-year low.
- The unemployment rate is a lagging indicator, often changing after broader economic shifts.
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 seasonal fluctuations removed to provide a clearer picture of underlying employment trends.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market health and economic performance, used by policymakers, economists, and investors to assess the strength of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other policymakers to gauge the strength of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Real Gross Domestic Product: Air Transportation (481) in Utah
UTAIRTRANRGSP
Nondurable Manufacturing Earnings in Utah
UTENON
Personal Consumption Expenditures: Services: Transportation Services for Utah
UTPCETRANS
Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Utah
EMISSCO2VNGRCBUTA
State Government Tax Collections, Total Taxes in Utah
UTTOTLTAX
Gross Domestic Product: Air Transportation (481) in Utah
UTAIRTRANNGSP
Citation
U.S. Federal Reserve, Seasonally Adjusted Unemployment Rate (UTBPPRIVSA), retrieved from FRED.