This statistic displays the seasonally adjusted unemployment level in the United States on a monthly basis. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. The national unemployment level stood at about 5.89 million unemployed persons in January 2020.
Monthly number of unemployed persons in the U.S. from January 2019 to January 2020
(in millions, adjusted)
Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.
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Bureau of Labor Statistics. (February 7, 2020). Monthly number of unemployed persons in the U.S. from January 2019 to January 2020 (in millions, adjusted) [Graph]. In Statista. Retrieved February 29, 2020, from https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/
Bureau of Labor Statistics. "Monthly number of unemployed persons in the U.S. from January 2019 to January 2020 (in millions, adjusted)." Chart. February 7, 2020. Statista. Accessed February 29, 2020. https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/
Bureau of Labor Statistics. (2020). Monthly number of unemployed persons in the U.S. from January 2019 to January 2020 (in millions, adjusted). Statista. Statista Inc.. Accessed: February 29, 2020. https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/
Bureau of Labor Statistics. "Monthly Number of Unemployed Persons in The U.S. from January 2019 to January 2020 (in Millions, Adjusted)." Statista, Statista Inc., 7 Feb 2020, https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/
Bureau of Labor Statistics, Monthly number of unemployed persons in the U.S. from January 2019 to January 2020 (in millions, adjusted) Statista, https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/ (last visited February 29, 2020)
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