Employed Persons in Arizona
Annual, Not Seasonally Adjusted
LAUST040000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,611,065.00
Year-over-Year Change
30.98%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual unemployment rate in the U.S. This metric is closely watched by economists and policymakers to gauge the overall health and performance 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
This economic indicator tracks the total number of unemployed individuals in the U.S. labor force on an annual basis, without seasonal adjustments. The unemployment rate is a key statistic used to evaluate economic conditions and guide policy decisions.
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 critical input for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2021.
- Unemployment levels vary significantly by demographic factors, such as age and education.
- The unemployment rate is a lagging economic indicator, often rising after a recession has begun.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total number of unemployed individuals in the U.S. labor force on an annual basis, without accounting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of the overall health and performance of the labor market, providing insight into economic conditions that inform policy decisions by the Federal Reserve and other institutions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly survey of households 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 the Federal Reserve and other policymakers when setting monetary and fiscal policies to promote full employment and price stability.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly, with the annual, not seasonally adjusted rate typically available with a one-month lag.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST040000000000005A), retrieved from FRED.