Percent, Annual, Not Seasonally Adjusted
LRHU24TTO1A156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-3.70%
Date Range
1/1/2005 - 1/1/2016
Summary
This annual, not seasonally adjusted trend measures the percent change in unemployment for adults aged 24-55 in the United States. It provides insights into the labor force participation and economic conditions for prime-working-age individuals.
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 Percent, Annual, Not Seasonally Adjusted trend tracks the year-over-year change in the unemployment rate for U.S. adults aged 24-55. This demographic group is considered to be in the prime working years, so this metric is a key indicator of overall labor market health and employment dynamics.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this employment trend to gauge the strength of the labor market and inform economic and workforce development policies.
Key Facts
- The annual unemployment rate for adults aged 24-55 was 3.5% in 2022.
- This trend has shown a steady decline from a high of 9.6% in 2010.
- Prime-age workers make up a significant portion of the U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the unemployment rate for U.S. adults aged 24-55, a key demographic for the prime working-age population.
Q: Why is this trend relevant for users or analysts?
A: The prime-age unemployment rate is a critical indicator of overall labor market health and economic conditions, informing policymakers and analysts on workforce dynamics and the strength of the economy.
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: Policymakers and economists closely monitor this employment trend to gauge the strength of the labor market and inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Percent, Annual, Not Seasonally Adjusted (LRHU24TTO1A156N), retrieved from FRED.