Not Seasonally Adjusted
WTCNS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
0.00%
Date Range
11/8/1999 - 12/31/2018
Summary
Not Seasonally Adjusted (NSA) data represents raw economic measurements without statistical adjustments for predictable seasonal variations. This approach provides a direct view of actual economic activity, revealing underlying trends without smoothing effects.
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
Economists use Not Seasonally Adjusted data to understand raw economic performance, particularly in sectors with significant seasonal fluctuations like retail, agriculture, and employment. The unmodified data helps analysts identify genuine economic shifts versus predictable cyclical changes.
Methodology
Data is collected through direct surveys, government reports, and statistical sampling, capturing economic indicators in their original, unsmoothed state.
Historical Context
Policymakers and financial analysts compare NSA data with seasonally adjusted figures to develop more nuanced economic strategies and forecasting models.
Key Facts
- NSA data shows economic activity without statistical smoothing
- Useful for understanding raw economic performance
- Critical for sectors with significant seasonal variations
FAQs
Q: What makes Not Seasonally Adjusted data different?
A: NSA data represents raw economic measurements without statistical adjustments for seasonal patterns. This provides an unfiltered view of economic activity.
Q: Why do economists use both NSA and seasonally adjusted data?
A: Comparing both datasets helps analysts distinguish between genuine economic trends and predictable seasonal fluctuations in economic performance.
Q: How often is Not Seasonally Adjusted data updated?
A: Update frequency varies by indicator but typically occurs monthly or quarterly, depending on the specific economic measurement being tracked.
Q: In which industries is NSA data most valuable?
A: NSA data is particularly crucial in sectors with significant seasonal variations, such as retail, agriculture, tourism, and construction.
Q: What are the limitations of Not Seasonally Adjusted data?
A: NSA data can be misleading without context, as it doesn't account for predictable seasonal variations that can obscure underlying economic trends.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted [WTCNS], retrieved from FRED.
Last Checked: 8/1/2025