In May 2022, the national unemployment level of the United States stood at about 5.95 million unemployed persons. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends.
Monthly number of unemployed persons in the U.S. from May 2021 to May 2022
(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. (June 3, 2022). Monthly number of unemployed persons in the U.S. from May 2021 to May 2022 (in millions, adjusted) [Graph]. In Statista. Retrieved July 02, 2022, 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 May 2021 to May 2022 (in millions, adjusted)." Chart. June 3, 2022. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/
Bureau of Labor Statistics. (2022). Monthly number of unemployed persons in the U.S. from May 2021 to May 2022 (in millions, adjusted). Statista. Statista Inc.. Accessed: July 02, 2022. 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 May 2021 to May 2022 (in Millions, Adjusted)." Statista, Statista Inc., 3 Jun 2022, 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 May 2021 to May 2022 (in millions, adjusted) Statista, https://www.statista.com/statistics/193280/seasonally-adjusted-monthly-number-of-unemployed-persons-in-the-usa/ (last visited July 02, 2022)
