Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Luxembourg
Annual, Not Seasonally Adjusted
LFHUTTTTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,750.00
Year-over-Year Change
72.85%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides valuable insights into long-term labor market trends and is closely monitored by economists and policymakers.
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 key indicator of the overall health and performance of the U.S. labor market. It tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
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 unemployment rate is a critical input for economic policy decisions and is closely watched by financial markets, businesses, and consumers.
Key Facts
- The annual unemployment rate in the U.S. reached a peak of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest annual unemployment rate in the U.S. was 3.5% in 2019, prior to the pandemic.
- The annual unemployment rate is generally higher than the monthly, seasonally adjusted rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a key indicator of the overall health and performance of the U.S. labor market, and is closely monitored by economists, policymakers, and financial markets.
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 unemployment rate is a critical input for economic policy decisions and is closely watched by policymakers, businesses, and consumers to gauge the overall health of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTLUA647N), retrieved from FRED.