Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Canada
Annual, Seasonally Adjusted
LFUNTTMACAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
779,858.30
Year-over-Year Change
0.29%
Date Range
1/1/1956 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator of the health of the labor market and the overall 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 annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless. It is a widely followed statistic used by economists, policymakers, and market analysts to assess economic performance and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for Federal Reserve monetary policy and a key focus for the White House and Congress.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve targets an unemployment rate of around 4% as indicative of full employment.
- Persistent high unemployment can lead to reduced consumer spending and economic stagnation.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in 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 unemployment rate is a critical indicator of the health of the labor market and the overall economy, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for Federal Reserve monetary policy and a focus for the White House and Congress in evaluating the state of the economy and guiding policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTMACAA647S), retrieved from FRED.