Monthly, Seasonally Adjusted
LFHUTTTTO1M647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,141,000.00
Year-over-Year Change
-9.48%
Date Range
4/1/1998 - 10/1/2017
Summary
This economic trend measures the monthly, seasonally adjusted unemployment rate in the United States. It is a key indicator of the overall health of the labor market and economy.
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 monthly, seasonally adjusted unemployment rate tracks the percentage of the total labor force that is jobless but actively seeking employment. This metric is closely watched by policymakers, economists, and markets as it provides insight into economic conditions and can inform policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects this data through the monthly Current Population Survey.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy considerations.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, before the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- Reducing unemployment is a key goal of the Federal Reserve's dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The monthly, seasonally adjusted unemployment rate tracks the percentage of the total labor force that is jobless but actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health of the labor market and economy, and is closely watched by policymakers, economists, and markets.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through the monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for monetary and fiscal policy considerations, as reducing unemployment is a key goal of the Federal Reserve's dual mandate.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short lag, providing timely insights into current economic conditions.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted Unemployment Rate (LFHUTTTTO1M647S), retrieved from FRED.