Harmonized Unemployment: Aged 15-24: Males for the European Union
Annual, Not Seasonally Adjusted
LFHU24MAEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,822,083.33
Year-over-Year Change
-20.29%
Date Range
1/1/2000 - 1/1/2019
Summary
This trend measures the annual, not seasonally adjusted unemployment rate for the U.S. workforce. It provides critical insights into labor market dynamics and the overall health of the economy.
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 but actively seeking employment. This key economic indicator is closely monitored by policymakers, economists, and market analysts.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a vital input for informing economic and monetary policy decisions.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The annual unemployment rate has averaged around 5% over the past two decades.
- Tracking the annual unemployment rate helps policymakers assess the overall strength of the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not 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 annual unemployment rate is a critical indicator of the overall health and performance of the labor market and the broader economy, making it a key input for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically released with a short lag, and the not seasonally adjusted figures may be influenced by seasonal fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHU24MAEUA647S), retrieved from FRED.