Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Portugal
Annual, Not Seasonally Adjusted
LMUNRLTTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
301,336.30
Year-over-Year Change
-45.40%
Date Range
1/1/1974 - 1/1/2023
Summary
This trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis. It provides a high-level indicator of labor market conditions and is closely tracked by economists and policymakers.
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 unemployment rate tracks the percentage of the total civilian labor force that is unemployed over a 12-month period. This broad measure is used to analyze long-term labor market trends and inform economic policy decisions.
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 a key macroeconomic indicator used by the Federal Reserve and other policymakers to gauge the overall health of the labor market.
Key Facts
- The annual unemployment rate averaged 5.7% in 2022.
- The rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The long-term historical average is around 5.8% since 1948.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis. It provides a high-level indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a key macroeconomic indicator used by economists, policymakers, and market analysts to assess the overall health of the labor market and inform economic 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 closely tracked by the Federal Reserve and other policymakers to gauge the overall strength of the labor market and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a slight delay, typically within a few weeks of the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRLTTPTA647N), retrieved from FRED.