Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Australia
Annual, Not Seasonally Adjusted
LFUNTTTTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
600,229.20
Year-over-Year Change
-4.05%
Date Range
1/1/1964 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted civilian labor force in the United States. It provides insight into long-term labor market dynamics without the effects of seasonal variations.
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 civilian labor force represents the total number of people actively employed or seeking employment in the U.S. on an annual basis, without adjustments for typical seasonal patterns. This metric is widely used by economists and policymakers to analyze underlying labor market conditions and trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
This trend is relevant for understanding the state of the labor market and informing economic and workforce policies.
Key Facts
- The annual civilian labor force in the U.S. was over 164 million in 2021.
- The labor force participation rate was 61.6% in 2021.
- The unemployment rate in the U.S. was 5.3% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in the U.S. who are employed or actively seeking employment on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the underlying strength and composition of the U.S. labor market, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor labor market conditions, inform workforce development initiatives, and make decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted civilian labor force data is published with a slight delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUNTTTTAUA647N), retrieved from FRED.