Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Australia
Annual, Seasonally Adjusted
LRHUADMAAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.88
Year-over-Year Change
-22.00%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual average of the unemployment rate in the United States. It provides a high-level overview of the national labor market conditions.
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 economic indicator tracks the annual unemployment rate in the U.S., which is a key measure of labor market health and a focus for policymakers and economists. The seasonally adjusted data accounts for typical seasonal variations in employment.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- Unemployment reached a peak of 14.7% in April 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 62.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the annual average of the unemployment rate in the United States, which is a key indicator of labor market health.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial economic indicator that informs policymakers, investors, and the public about the overall strength of the labor market and broader economic conditions.
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 closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUADMAAUA156S), retrieved from FRED.