In October 2024, the number of long-term unemployed (those jobless for 27 weeks or more) stood at about 1.61 million in the United States. 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 long-term unemployed persons in the United States from October 2022 to October 2024
(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. (November 1, 2024). Monthly number of long-term unemployed persons in the United States from October 2022 to October 2024 (in millions, adjusted) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/
Bureau of Labor Statistics. "Monthly number of long-term unemployed persons in the United States from October 2022 to October 2024 (in millions, adjusted)." Chart. November 1, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/
Bureau of Labor Statistics. (2024). Monthly number of long-term unemployed persons in the United States from October 2022 to October 2024 (in millions, adjusted). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/
Bureau of Labor Statistics. "Monthly Number of Long-term Unemployed Persons in The United States from October 2022 to October 2024 (in Millions, Adjusted)." Statista, Statista Inc., 1 Nov 2024, https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/
Bureau of Labor Statistics, Monthly number of long-term unemployed persons in the United States from October 2022 to October 2024 (in millions, adjusted) Statista, https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/ (last visited November 21, 2024)
Monthly number of long-term unemployed persons in the United States from October 2022 to October 2024 (in millions, adjusted) [Graph], Bureau of Labor Statistics, November 1, 2024. [Online]. Available: https://www.statista.com/statistics/217813/seasonally-adjusted-monthly-number-of-long-term-unemployed-persons-in-the-us/
