Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Slovak Republic
Annual
LMUNRRTTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.22
Year-over-Year Change
-57.40%
Date Range
1/1/1991 - 1/1/2023
Summary
The Annual unemployment rate in the United States measures the percentage of the total labor force that is unemployed but actively seeking employment.
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
This annual unemployment rate is a key economic indicator that provides insight into the overall health of the U.S. labor market. It is closely monitored by policymakers, economists, and investors to assess employment trends and inform economic decision-making.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The annual unemployment rate is a critical input for monetary and fiscal policy discussions.
Key Facts
- The U.S. annual unemployment rate averaged 5.7% from 1948 to 2022.
- The highest annual unemployment rate on record was 14.7% in 2020 due to the COVID-19 pandemic.
- The annual unemployment rate is a lagging economic indicator, reflecting past economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual unemployment rate measures the percentage of the total U.S. labor force that is unemployed but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of labor market conditions and overall economic health, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a critical input for monetary and fiscal policy discussions, as it reflects the overall state of the labor market and informs decisions by the Federal Reserve and government.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is subject to revisions and may have a delay of several months before the final figure is published.
Related Trends
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic
CPGRLE01SKM657N
Harmonized Index of Consumer Prices: Furniture and Furnishings for Slovakia
CP0511SKM086NEST
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Slovak Republic
LREM74MASKA156N
Harmonized Index of Consumer Prices: Household Textiles for Slovakia
CP0520SKM086NEST
Infra-Annual Labor Statistics: Employment Rate Male: From 25 to 54 Years for Slovak Republic
LREM25MASKQ156S
Harmonized Index of Consumer Prices: Newspapers, Books and Stationery for Slovakia
CP0950SKM086NEST
Citation
U.S. Federal Reserve, Annual Unemployment Rate (LMUNRRTTSKA156N), retrieved from FRED.