Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Ireland
Monthly, Not Seasonally Adjusted
LFHUTTTTIEM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,000.00
Year-over-Year Change
-5.15%
Date Range
1/1/1983 - 6/1/2025
Summary
This economic indicator measures the unemployment rate in the United States, providing a snapshot of the overall health of the labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The U.S. Unemployment Rate is a key economic statistic that reflects the percentage of the civilian labor force that is jobless. It is a closely watched metric used by policymakers, economists, and investors to assess the strength of the economy.
Methodology
The data is collected through the Current Population Survey, a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. unemployment rate averaged 3.7% in 2019 before rising sharply during the COVID-19 pandemic.
- The highest unemployment rate on record was 14.7% in April 2020 due to the economic impact of the pandemic.
- The unemployment rate is a lagging indicator, meaning it often trails other economic measures in signaling a recession or recovery.
FAQs
Q: What does this economic trend measure?
A: The U.S. Unemployment Rate measures the percentage of the civilian labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health of the labor market and the broader economy. It is closely monitored by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary policy decisions made by the Federal Reserve and fiscal policy decisions made by Congress, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFHUTTTTIEM647N), retrieved from FRED.