Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Spain
Annual, Not Seasonally Adjusted
LRUNTTTTESA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.35
Year-over-Year Change
-54.23%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis. It provides important insights into labor market conditions and dynamics.
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 annual, not seasonally adjusted unemployment rate is a key indicator of the overall health of the U.S. economy. It represents the percentage of the total labor force that is unemployed and actively seeking work during a given year, without adjusting for typical seasonal variations.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess economic performance and inform decisions on employment, monetary, and fiscal policies.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate peaked at 14.7% in 2020.
- The rate has declined from the pandemic high, reaching 3.5% in 2022.
- Unemployment levels are a key factor in the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis. It represents the percentage of the labor force that is unemployed and actively seeking work during a given year.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a crucial indicator of overall labor market conditions and the health of the U.S. economy. It informs policymakers, businesses, and individuals in their decision-making.
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: Policymakers and analysts use this trend to assess economic performance and inform decisions on employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTESA156N), retrieved from FRED.