Current Forecast of US Unemployment Rate

Units: Unemployment Rate, %, Average of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Unemployment Rate

DateForecast
Jan-184.1
Feb-184
Mar-184
Apr-184
May-184
Jun-184.1
Jul-184.1

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.