Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Austria
Annual, Not Seasonally Adjusted
LFHUTTTTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
244,250.00
Year-over-Year Change
9.28%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides key insights into the country's labor market conditions.
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 is a widely tracked economic indicator that reflects the percentage of the total labor force that is jobless. This metric is used by policymakers, analysts, and economists to assess the overall health and performance of the U.S. economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for federal Reserve policy decisions and is closely watched by financial markets.
Key Facts
- The U.S. annual unemployment rate averaged 5.3% from 2010-2019.
- Unemployment spiked to 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has gradually declined since the pandemic peak.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, reflecting the percentage of the total labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health and performance of the U.S. economy, used by policymakers, analysts, and economists to assess labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve policy decisions and is closely watched by financial markets.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTATA647N), retrieved from FRED.