Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Denmark
Monthly, Not Seasonally Adjusted
LMUNRRTTDKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
3.23%
Date Range
1/1/1970 - 6/1/2017
Summary
This trend measures the total unemployment rate in the United States, without seasonal adjustment. It provides important insights into the labor market's performance and is closely monitored 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 monthly, not seasonally adjusted unemployment rate is a key economic indicator that reflects the total percentage of the labor force that is jobless. It is an important measure of economic health and helps inform policy decisions aimed at promoting full employment.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other policymakers in assessing the strength of the economy and guiding monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, prior to the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- The unemployment rate has gradually declined since the height of the pandemic, reaching 3.5% again in July 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States, without any seasonal adjustments. It reflects the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the labor market and the broader economy. It helps policymakers and analysts assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other policymakers in assessing the strength of the economy and guiding monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical release lag of about two weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LMUNRRTTDKM156N), retrieved from FRED.