Annual, Not Seasonally Adjusted
LFUN24FEO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,094,000.00
Year-over-Year Change
-9.82%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate for the United States. It provides important insights into long-term labor market dynamics.
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 tracks the percentage of the civilian labor force that is jobless, based on an annual average. This metric is crucial for understanding broader employment trends and informing economic and policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate statistic is widely used by economists, policymakers, and market analysts to assess the overall health of the labor market.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- Unemployment spiked to 14.7% in April 2020 due to the economic impact of the pandemic.
- The unemployment rate has since declined but remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate for the United States, which tracks the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a crucial indicator of labor market health and broader economic conditions, informing policy decisions and market analysis.
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 annual unemployment rate statistic is widely used by economists, policymakers, and market analysts to assess the overall health of the labor market and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released on a regular schedule with minimal update delays, providing a reliable long-term perspective on labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN24FEO1A647S), retrieved from FRED.