Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark
Monthly, Not Seasonally Adjusted
LRHU24MADKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.80
Year-over-Year Change
-4.85%
Date Range
1/1/1983 - 12/1/2019
Summary
This economic trend measures the monthly unemployment rate for the civilian labor force in the United States. It provides important insights into the health and stability of the U.S. 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 monthly civilian unemployment rate is a key economic indicator used by policymakers, analysts, and researchers to assess employment conditions and trends. It represents the percentage of the total civilian labor force that is jobless but actively seeking work.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. civilian unemployment rate averaged 5.8% in 2022.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for the civilian labor force in the United States, representing the percentage of the total labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health and stability of the U.S. labor market, and it is closely monitored by policymakers, economists, and other stakeholders to inform economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other institutions in formulating monetary and fiscal policies to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a typical release delay of about two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHU24MADKM156N), retrieved from FRED.