Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Estonia
Annual, Seasonally Adjusted
LFUNTTTTEEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,075.00
Year-over-Year Change
-16.68%
Date Range
1/1/1989 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator of the overall health and performance of the U.S. 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 U.S. civilian labor force that is jobless, actively seeking employment, and available for work. It is a widely followed statistic used by economists and policymakers to gauge economic conditions and employment trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other government agencies 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 lowest recorded U.S. unemployment rate was 3.5% in September 2019.
- The unemployment rate is considered a lagging economic indicator, as it often peaks after a recession has begun.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate in the United States, which represents the percentage of the 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 key indicator of the overall health and performance of the U.S. labor market, and it is closely monitored by economists, policymakers, and investors to assess economic conditions and inform policy decisions.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for the Federal Reserve and other government agencies in formulating economic and monetary policies, as it reflects the overall strength of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTTTEEA647S), retrieved from FRED.