Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LREM64TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.06
Year-over-Year Change
6.51%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States. It is a key economic indicator used by policymakers and analysts to assess the 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
The annual, seasonally adjusted unemployment rate provides a comprehensive view of employment trends over a 12-month period, smoothing out monthly fluctuations. It is a widely followed metric for evaluating the overall strength of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and informs economic forecasting.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The long-term historical average annual unemployment rate in the U.S. is around 5.8%.
- Policymakers closely monitor the annual unemployment rate to assess the overall strength of the economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States. It provides a comprehensive view of employment trends over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, seasonally adjusted unemployment rate is a key economic indicator used by policymakers and analysts to assess the health of the labor market and the overall strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and informs economic forecasting.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is typically published with a short delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM64TTAUA156S), retrieved from FRED.