Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Ireland
Annual, Seasonally Adjusted
LRHU24MAIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.84
Year-over-Year Change
-70.99%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the percentage change in real GDP per capita, which is a key indicator of economic growth and living standards.
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
This metric provides a comprehensive view of economic performance by accounting for population changes and adjusting for seasonal variations. It is widely used by policymakers, economists, and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and census data.
Historical Context
Tracking this trend is crucial for informing fiscal and monetary policy decisions that can impact employment, inflation, and overall economic conditions.
Key Facts
- The U.S. experienced an average annual GDP per capita growth of 2.3% from 1990 to 2020.
- Real GDP per capita reached a record high of $63,593 in 2019 before declining due to the COVID-19 pandemic.
- Tracking GDP per capita growth is crucial for assessing improvements in living standards over time.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage change in real GDP per capita, which reflects the overall economic growth and living standards in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and analysts to assess the health and trajectory of the U.S. economy, as it provides a comprehensive view of economic performance by accounting for population changes and adjusting for seasonal variations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and census data.
Q: How is this trend used in economic policy?
A: Tracking this trend is crucial for informing fiscal and monetary policy decisions that can impact employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of a few months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24MAIEA156S), retrieved from FRED.