Unemployment Rate - Financial Activities Industry, Private Wage and Salary Workers
LNU04032238 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-12.00%
Date Range
1/1/2000 - 7/1/2025
Summary
Measures unemployment rates for workers in financial activities industry. Provides insights into sector-specific labor market dynamics.
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
Tracks percentage of unemployed workers specifically in financial services and private wage sectors. Reflects industry-specific employment trends.
Methodology
Data collected through monthly Bureau of Labor Statistics employment surveys.
Historical Context
Critical for understanding financial sector labor market health and economic resilience.
Key Facts
- Sensitive to economic cycles and financial sector performance
- Reflects broader economic stability indicators
- Important for understanding professional services employment
FAQs
Q: What does this unemployment rate measure?
A: Tracks jobless rates for workers in financial activities and private wage sectors specifically.
Q: How does financial sector unemployment relate to overall economic health?
A: Often considered a leading indicator of broader economic conditions and financial market stability.
Q: What causes fluctuations in financial industry unemployment?
A: Economic cycles, regulatory changes, and technological disruptions significantly impact employment.
Q: How frequently is this data updated?
A: Monthly updates provide current snapshot of financial industry employment trends.
Q: Why is this unemployment rate important?
A: Provides critical insights into financial services sector labor market dynamics and economic resilience.
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Citation
U.S. Federal Reserve, Unemployment Rate - Financial Activities Industry (LNU04032238), retrieved from FRED.