Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Canada
Annual, Not Seasonally Adjusted
LFHUTTTTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404,208.00
Year-over-Year Change
0.37%
Date Range
1/1/1955 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and economic performance.
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 represents the percentage of the total labor force that is unemployed but actively seeking employment and available to work. This metric is used by economists and policymakers to assess the overall strength of the U.S. labor market and broader economic trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for Federal Reserve policy decisions and a closely watched indicator for financial markets.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has historically ranged between 3-10% in the United States.
- The unemployment rate is a lagging economic indicator, meaning it tends to change after other economic conditions have already shifted.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the total labor force that is unemployed but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market conditions and overall economic performance, used by economists, policymakers, and market participants to assess the strength of the U.S. economy.
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 key input for Federal Reserve policy decisions and is closely monitored by financial markets as an indicator of the broader economic conditions.
Q: Are there update delays or limitations?
A: There may be a short delay in the release of the annual, not seasonally adjusted unemployment rate data, and the metric may not fully capture some employment dynamics due to its annual frequency.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTCAA647N), retrieved from FRED.