Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Estonia
Quarterly
LFHUADTTEEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,000.00
Year-over-Year Change
-4.00%
Date Range
1/1/2000 - 7/1/2023
Summary
The Quarterly Unemployment Rate measures the percentage of the total labor force that is unemployed but actively seeking work in the United States on a quarterly basis. This key economic indicator is closely watched by policymakers and analysts to assess 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 Quarterly Unemployment Rate is a widely-used metric that provides a comprehensive view of unemployment in the U.S. economy. It captures individuals who are jobless, actively seeking employment, and available to start a new job or return to work.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The Quarterly Unemployment Rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The U.S. unemployment rate averaged 3.8% in 2022.
- Unemployment rates vary significantly by demographic and geographic factors.
- The unemployment rate is a lagging economic indicator that reflects past hiring and firing decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Unemployment Rate measures the percentage of the total labor force that is unemployed but actively seeking work in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Unemployment Rate is a crucial indicator of the overall health of the labor market and is closely watched by policymakers, economists, and investors to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly Unemployment Rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The Quarterly Unemployment Rate data is released with a short lag, typically 1-2 months after the end of the quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Unemployment Rate (LFHUADTTEEQ647N), retrieved from FRED.