Employed Persons in Midwest Census Region
Annual, Not Seasonally Adjusted
LAURD920000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,294,595.00
Year-over-Year Change
8.22%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the average annual unemployment rate in the U.S. This key labor market indicator is closely tracked by economists and policymakers to assess economic conditions and guide policy decisions.
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 series represents the percentage of the civilian labor force that is unemployed and actively seeking work, without adjustment for seasonal variations. It provides a comprehensive view of long-term unemployment trends that is valuable for economic analysis and forecasting.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other policymakers when evaluating the health of the economy and setting appropriate monetary and fiscal policies.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The pre-pandemic annual unemployment rate in 2019 was 3.7%.
- Historically, the U.S. annual unemployment rate has ranged from around 3% to 10%.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the average annual unemployment rate in the United States, representing the percentage of the civilian labor force that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy. It is closely monitored by economists, policymakers, and market participants to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve and other policymakers when evaluating the health of the economy and setting appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a relatively short delay, typically within a few months of the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAURD920000000000005A), retrieved from FRED.