Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Austria
Annual, Not Seasonally Adjusted
LFUN24TTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,200.00
Year-over-Year Change
-9.06%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides critical insight into the underlying state of the labor market.
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 but actively seeking employment. This metric offers a more stable, long-term view of labor market conditions compared to monthly data.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key indicator used by policymakers, economists, and financial markets to gauge the health of the broader economy.
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 annual rate has since declined but remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate provides a more stable, long-term view of labor market conditions compared to volatile monthly data. It is a key indicator used by policymakers, economists, and financial markets to gauge the overall health of the 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 crucial metric monitored by the Federal Reserve and other policymakers to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is subject to revisions by the Census Bureau as more complete information becomes available, but it is generally released in a timely manner.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for Austria
LFAC24FEATA647N
Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Austria
CP0550ATM086NEST
Labor Compensation: Earnings: Manufacturing: Hourly for Austria
LCEAMN01ATQ659S
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Austria
AUTGFCEQDSMEI
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Austria
AUTCPHP0700GPM
Mutual Fund Assets to GDP for Austria
DDDI07ATA156NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN24TTATA647N), retrieved from FRED.