Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LFHU24MALUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,333.33
Year-over-Year Change
66.67%
Date Range
1/1/1983 - 4/1/2025
Summary
This economic trend measures the U.S. unemployment rate, an important indicator of labor market conditions and economic health.
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 U.S. unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is a key metric used by policymakers, economists, and analysts to gauge the strength of the economy.
Methodology
The unemployment rate is calculated by the U.S. Bureau of Labor Statistics based on data from the Current Population Survey.
Historical Context
The unemployment rate is closely monitored for its influence on consumer spending, inflation, and monetary 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 unemployment rate has gradually declined since the 2020 peak but remains above pre-pandemic levels.
- Historically, the U.S. unemployment rate has ranged from around 3.5% to 10% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. unemployment rate, 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 key indicator of labor market conditions and overall economic health, with implications for consumer spending, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The unemployment rate is calculated by the U.S. Bureau of Labor Statistics based on data from the Current Population Survey.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by policymakers, economists, and analysts to inform decisions on economic policy, including monetary policy by the Federal Reserve.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a slight delay in reporting.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHU24MALUQ647N), retrieved from FRED.