Employed Persons in Utah
Annual, Not Seasonally Adjusted
LAUST490000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,774,702.00
Year-over-Year Change
37.63%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides key insights into the country's labor market dynamics.
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
The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless. This important indicator helps economists and policymakers understand broader employment trends without the distortions of seasonal factors.
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 input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate was 3.7% in 2022.
- The highest annual, not seasonally adjusted unemployment rate on record was 9.7% in 2010.
- This economic indicator does not account for seasonal hiring and layoff patterns.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the United States that is jobless.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into broader employment trends without the distortions of seasonal factors, making it a crucial input for economic policymaking.
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 key input for monetary and fiscal policy decisions, as it reflects the overall health of the labor market.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data may have a longer update cycle compared to monthly or quarterly unemployment figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST490000000000005A), retrieved from FRED.