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U.S. unemployment rate: seasonally adjusted September 2020

The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In September 2020, the national unemployment rate was at 7.9 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends.

U.S. monthly unemployment rate

According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment declined from 2010 to 2019. A trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. Unemployment fell from 9.6 percent in 2010 to 3.7 percent in 2019.

Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In August 2020, the state with the highest (seasonally adjusted) unemployment rate was Nevada with 13.2 percent, followed by Rhode Island, New York, Hawaii, and California. Unemployment was the lowest in Nebraska at 4 percent. Workers in the leisure and hospitality industry suffered the highest unemployment rate of any industry at 21.3 percent as of August 2020 (not seasonally adjusted).

Monthly unemployment rate in the United States from September 2019 to September 2020

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Source

Release date

October 2020

Region

United States

Survey time period

September 2019 to September 2020

Age group

16 years and older

Supplementary notes

Seasonal adjustment is a statistical method used to remove 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 trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series is often considered to be uninteresting in its own right and may 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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Statistics on "U.S. unemployment"

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