Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Austria
Quarterly, Seasonally Adjusted
LFHUADTTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197,000.00
Year-over-Year Change
-16.29%
Date Range
1/1/1994 - 7/1/2023
Summary
This series measures the seasonally adjusted quarterly unemployment rate for a specific geographic area. Tracking this economic indicator is crucial for understanding labor market trends and informing economic policy decisions.
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 Quarterly, Seasonally Adjusted unemployment rate provides a standardized measure of the proportion of the labor force that is jobless in a given quarter. Analyzing this data is essential for economists and policymakers to assess the strength of the labor market and make informed decisions.
Methodology
The data is collected through household surveys and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This unemployment rate trend is widely used by government agencies, central banks, and financial analysts to monitor economic conditions and guide policies.
Key Facts
- The unemployment rate is a key indicator of economic health.
- Quarterly data provides a more detailed view of labor market trends.
- Seasonal adjustments help account for regular fluctuations in employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted quarterly unemployment rate for a specific geographic area, providing insights into the strength of the local labor market.
Q: Why is this trend relevant for users or analysts?
A: Tracking the quarterly unemployment rate is crucial for understanding economic conditions and informing policy decisions related to employment, growth, and stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is widely used by government agencies, central banks, and financial analysts to monitor economic conditions and guide policies aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The quarterly unemployment data is typically released with a short delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUADTTATQ647S), retrieved from FRED.