Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LFHU24FECAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174,791.70
Year-over-Year Change
-0.40%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic series measures the annual, seasonally adjusted unemployment rate for the United States. It provides valuable insight into the health and dynamics of the U.S. 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
The annual, seasonally adjusted unemployment rate is a key indicator used by economists and policymakers to assess the overall strength of the U.S. economy. It tracks the percentage of the civilian labor force that is jobless but actively seeking employment.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through a monthly household survey.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The annual unemployment rate has averaged around 5-6% over the past decade.
- Reducing unemployment is a key policy objective for the Federal Reserve and the U.S. government.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and strength of the U.S. labor market, and is closely monitored by economists, policymakers, and market participants to assess the performance of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through a monthly household survey.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key metric used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions, as reducing unemployment is a primary policy objective.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is typically released on a monthly basis with a relatively short delay, making it a timely and reliable indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHU24FECAA647S), retrieved from FRED.