Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden
Annual, Not Seasonally Adjusted
LFHU24TTSEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,833.30
Year-over-Year Change
9.96%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides crucial 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
The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This long-term trend is a key indicator used by economists and policymakers to gauge the strength of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- The annual unemployment rate has averaged around 5.8% over the past 50 years.
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, not seasonally adjusted unemployment rate is a crucial indicator of the overall health of the U.S. labor market and economy, providing important insights for economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets as it reflects the strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHU24TTSEA647N), retrieved from FRED.