Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Canada
Annual, Seasonally Adjusted
LFUNTTTTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404,208.00
Year-over-Year Change
0.37%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and overall economic health.
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 U.S. civilian labor force that is jobless. It is a widely followed statistic used by economists, policymakers, and analysts to assess the strength of the American economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The current annual, seasonally adjusted unemployment rate is XX.X% as of the most recent data.
- Historically, the U.S. unemployment rate has ranged from a low of 2.5% to a high of 24.9%.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate measures the percentage of the U.S. civilian labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of the overall health of the U.S. economy and labor market. It informs economic and policy decisions by governments, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other policymakers to guide decisions on interest rates, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a lag of approximately one month. There may also be limitations due to sampling and seasonal adjustments.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTTTCAA647S), retrieved from FRED.