Unemployed Persons in Louisiana
Annual, Not Seasonally Adjusted
LAUST220000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,528.00
Year-over-Year Change
-35.45%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual unemployment rate in the United States. This key economic indicator provides insights into the health of the labor market and is closely monitored by policymakers.
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 series represents the percentage of the total labor force that is jobless and actively seeking employment. The data is not seasonally adjusted, meaning it reflects the raw, unadjusted unemployment figures over a 12-month period.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial metric used by the Federal Reserve and other economic policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 prior to the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 during the pandemic-induced recession.
- The annual unemployment rate has since declined but remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the annual unemployment rate in the United States, representing the percentage of the total labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key economic indicator that provides insights into the health of the labor market, and is closely monitored by policymakers to inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial metric used by the Federal Reserve and other economic policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is subject to revisions and may not reflect the most up-to-date labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST220000000000004A), retrieved from FRED.