Civilian Labor Force in Colorado
Annual, Not Seasonally Adjusted
LAUST080000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,267,766.00
Year-over-Year Change
18.77%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted data series measures the annual unemployment rate in the United States. This key economic indicator provides insight into the overall health and stability 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 annual unemployment rate statistic is a lagging indicator that reflects the strength of the economy and employment conditions over the past year. It is closely watched by policymakers, economists, and investors to gauge economic performance and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on household surveys.
Historical Context
The annual unemployment rate is a crucial input for monetary and fiscal policy decisions by the Federal Reserve and government.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- The rate reached a peak of 14.7% in 2020 due to the COVID-19 pandemic.
- Long-term unemployment remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted data series measures the overall unemployment rate in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of labor market conditions and overall economic health, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a crucial input for monetary and fiscal policy decisions by the Federal Reserve and government to support employment and economic growth.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST080000000000006A), retrieved from FRED.