Quarterly, Seasonally Adjusted
LFHUTTTTG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,854,000.00
Year-over-Year Change
-19.71%
Date Range
1/1/1991 - 7/1/2017
Summary
This quarterly, seasonally adjusted economic trend measures the unemployment rate in the United States. It provides key insights into the health of the labor market and is a crucial indicator for policymakers and economists.
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 U.S. unemployment rate tracks the percentage of the civilian labor force that is jobless. It is a widely followed metric that reflects overall economic conditions and the strength of the job market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The rate has steadily declined since then, reaching 3.5% as of February 2023.
- Economists closely monitor the unemployment rate to gauge the overall health of the economy.
FAQs
Q: What does this economic trend measure?
A: The quarterly, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the United States that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the strength of the labor market and overall economic conditions. It informs policy decisions and is closely watched by economists, investors, and the public.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government policymakers to promote full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a lag, typically about 2-3 weeks after the end of the reference period. The data is subject to periodic revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUTTTTG7Q647S), retrieved from FRED.