Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Estonia
Annual, Seasonally Adjusted
LMUNRLTTEEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,661.50
Year-over-Year Change
-5.28%
Date Range
1/1/2000 - 1/1/2023
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate in the United States on an annual basis, adjusted for seasonal variations. This key economic indicator is closely monitored by policymakers and analysts to assess the 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 civilian labor force that is jobless, based on data collected by the U.S. Bureau of Labor Statistics. It is a widely used metric for evaluating employment trends and informing economic policy decisions.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other policymakers in determining appropriate monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate was 3.5% in 2019, the lowest in 50 years.
- The unemployment rate spiked to 14.7% in April 2020 due to the COVID-19 pandemic.
- The civilian labor force includes all employed and unemployed individuals actively seeking work.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless in the United States on a yearly basis, with adjustments made for seasonal variations.
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 investors to inform economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys 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 policymakers in determining appropriate monetary and fiscal policies to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted unemployment rate data is published with a lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LMUNRLTTEEA647S), retrieved from FRED.