Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
Annual, Not Seasonally Adjusted
LMUNRRTTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.42
Year-over-Year Change
73.02%
Date Range
1/1/1985 - 1/1/2016
Summary
The Annual, Not Seasonally Adjusted trend measures the unemployment rate in the United States over a 12-month period. This key economic indicator is closely watched by policymakers, economists, and investors to assess labor market health and broader economic conditions.
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 represents the total number of unemployed persons as a percentage of the civilian labor force, calculated on a yearly basis without seasonal adjustments. This long-term trend provides valuable insights into underlying labor market dynamics compared to monthly or quarterly data.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is widely followed by financial markets.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total unemployment rate in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and a crucial input for economic policymaking, making this long-term trend highly relevant for economists, policymakers, and investors.
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.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is closely watched by the Federal Reserve and other policymakers to inform monetary policy decisions and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a short lag, typically a few weeks after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRRTTLUA156N), retrieved from FRED.