Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LREM24MACAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.90
Year-over-Year Change
-1.13%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual unemployment rate in the United States. This metric is crucial for economists and policymakers to assess the overall health of the labor market.
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 series provides a broad indicator of labor market conditions in the U.S. It is widely used by analysts to track long-term trends and evaluate the effectiveness of economic policies.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The annual unemployment rate is a key input for monetary and fiscal policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- The rate peaked at 14.7% in April 2020 during the pandemic recession.
- Unemployment levels can significantly impact consumer spending and overall economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the overall unemployment rate in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of labor market conditions and an important input for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys 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 crucial metric for the Federal Reserve and other policymakers when making decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be slight delays in the release of the annual unemployment rate data, which is typically published with a few months' lag.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24MACAA156N), retrieved from FRED.