Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Canada
Annual, Seasonally Adjusted
LFUN64TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,355,783.00
Year-over-Year Change
-1.02%
Date Range
1/1/1976 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted unemployment rate in the United States, a key indicator of the overall health 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, seasonally adjusted unemployment rate tracks the percentage of the total labor force that is jobless and actively seeking employment over a 12-month period. It is a widely followed economic indicator used by policymakers, analysts, and businesses to gauge the strength of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate is a lagging economic indicator, meaning it tends to rise after the start of a recession and fall after the economy begins recovering.
- The Federal Reserve targets an unemployment rate of around 4-5% as part of its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate measures the percentage of the total labor force in the United States that is jobless and actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and businesses to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as the central bank targets an unemployment rate of around 4-5% as part of its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published monthly with a short delay, typically 1-2 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN64TTCAA647S), retrieved from FRED.