Unemployment Rate - Other Services Industry, Private Wage and Salary Workers
LNU04032242 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
21.87%
Date Range
1/1/2000 - 7/1/2025
Summary
Measures unemployment in the Other Services Industry for private wage and salary workers. Provides insights into sector-specific employment 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 joblessness among private workers in miscellaneous service sectors. Helps economists understand employment trends in diverse service industries.
Methodology
Calculated through monthly Bureau of Labor Statistics household survey.
Historical Context
Used by economists to assess service sector labor market conditions.
Key Facts
- Captures employment trends in diverse service industries
- Reflects economic health of non-traditional service sectors
- Important indicator of private sector job market
FAQs
Q: What industries are included in 'Other Services'?
A: Includes personal services, repair services, and other miscellaneous service businesses not classified elsewhere.
Q: Why is this unemployment rate important?
A: Provides nuanced view of employment beyond major industry categories, revealing specialized labor market trends.
Q: How frequently is this data collected?
A: Monthly data collection provides current snapshot of service sector employment.
Q: What impacts this unemployment rate?
A: Economic conditions, technological changes, and consumer spending directly influence service sector employment.
Q: How reliable is this unemployment metric?
A: Considered a reliable indicator based on comprehensive Bureau of Labor Statistics methodology.
Similar LNU Trends
Unemployment Rate - 25-54 Yrs., Women
LNS14000062
Unemployment Rate - 50-54 Yrs., Men
LNU04000188
Unemployment Rate - 25 to 64 years
TOTL2564
Unemployment Rate - Associate Degree - Academic Program, 16 years and over, Women
ADAP16OW
Unemployment Rate - High School Graduates, No College, 55 to 64 years, Men
HSGS5564M
Unemployment Rate - Less than 1 year of High School, 25 to 64 years, Men
L1HS2564M
Citation
U.S. Federal Reserve, Unemployment Rate - Other Services Industry, Private Wage and Salary Workers (LNU04032242), retrieved from FRED.