Civilian Labor Force in Louisiana
Annual, Not Seasonally Adjusted
LAUST220000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,079,308.00
Year-over-Year Change
-0.62%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures annual average unemployment rates in the United States. This key economic indicator provides insights into the overall health 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 series represents the average rate of joblessness over a 12-month period, without adjustments for seasonal hiring and layoff patterns. It is a widely-watched gauge of economic conditions and employment dynamics.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the U.S. economy and inform decisions on fiscal and monetary policies.
Key Facts
- The annual unemployment rate averaged 5.7% in 2022.
- Unemployment rates tend to rise during economic downturns.
- The lowest annual rate on record was 3.5% in 2019.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average unemployment rate in the United States over a 12-month period, without adjusting for typical seasonal hiring and layoff patterns.
Q: Why is this trend relevant for users or analysts?
A: This annual unemployment rate is a key indicator of labor market health and overall economic conditions. It helps policymakers and economists assess the strength of the U.S. economy.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual unemployment rate to inform decisions on fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically published with a 1-2 month delay, as it requires compiling the monthly CPS survey results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST220000000000006A), retrieved from FRED.