Unemployment Rate in Utah
Monthly, Not Seasonally Adjusted
UTURN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
5.71%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' trend measures the number of new unemployment insurance claims filed each month. This provides insight into the overall state of the labor market and economic 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
This data series tracks initial weekly claims for unemployment insurance, which are a leading indicator of broader employment trends. Policymakers and analysts monitor these figures to assess the health of the job market and gauge the direction of the economy.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Unemployment claims are a key input for economic forecasting and policy decisions.
Key Facts
- Initial unemployment claims averaged over 200,000 per week in 2022.
- Claims spiked to nearly 7 million per week at the start of the COVID-19 pandemic.
- The four-week moving average is a closely watched metric for labor market health.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' trend tracks the number of new unemployment insurance claims filed each month on a raw, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Unemployment claims are a leading economic indicator that provides timely insight into the strength of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor unemployment claims data to assess the health of the job market and guide decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The unemployment claims data is released weekly, with a short lag, providing timely information on labor market trends.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (UTURN), retrieved from FRED.