Monthly, Seasonally Adjusted
LFHUTTMAO1M647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,307,000.00
Year-over-Year Change
-10.56%
Date Range
1/1/2005 - 9/1/2017
Summary
This series measures the monthly, seasonally adjusted unemployment rate in the United States. It is a key economic indicator closely watched by policymakers and analysts.
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 unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and available to work. It is a crucial metric for assessing the health of the labor market and broader economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate informs economic policy decisions and market expectations.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, prior to the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- The unemployment rate has steadily declined since the height of the pandemic, reaching 3.5% again in July 2022.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly, seasonally adjusted unemployment rate in the United States, which is the percentage of the total labor force that is unemployed but actively seeking employment and available to work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial metric for assessing the health of the labor market and broader economy, and it informs economic policy decisions and market expectations.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) 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 unemployment rate is used by policymakers, economists, and market participants to gauge the overall strength of the labor market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical delay of about one month from the reference period.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for OECD
OECDLFWA64MASTQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for OECD
OECDLRAC24TTSTQ
Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for OECD
OECDLFUN25TTSTQ
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for OECD
OECDLCEAMN01IXOBSAM
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for OECD
OECDLFEMTTFEGPQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD
OECDLFEM55TTSTSAQ
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LFHUTTMAO1M647S), retrieved from FRED.