Quarterly, Seasonally Adjusted
LRACTTMAO1Q156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.70
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic trend measures the average length of unemployment for workers who have recently lost their jobs. It is a key indicator of labor market conditions and the overall health of the economy.
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 Quarterly, Seasonally Adjusted Unemployment Duration metric tracks the average number of weeks that unemployed individuals have been jobless. This metric provides insights into the challenges faced by workers seeking re-employment and helps economists and policymakers assess the strength of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Unemployment duration is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Average unemployment duration reached a high of 40.7 weeks in 2011.
- Unemployment duration tends to rise during economic recessions.
- The pre-pandemic average unemployment duration was around 20 weeks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average length of unemployment for workers who have recently lost their jobs. It provides insights into the challenges faced by the unemployed in finding re-employment.
Q: Why is this trend relevant for users or analysts?
A: Unemployment duration is a key indicator of labor market conditions and the overall health of the economy. It helps economists and policymakers assess the strength of the job market and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Unemployment duration is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions, as it provides insights into the challenges faced by the unemployed.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, providing timely information on changes in unemployment duration.
Related Trends
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for OECD
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Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for OECD
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Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for OECD
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Infra-Annual Labor Statistics: Employment Total: 15 Years or over for OECD
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRACTTMAO1Q156S), retrieved from FRED.