Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Australia
Annual, Seasonally Adjusted
LRHUTTMAAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
-19.72%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the unemployment rate for the U.S. labor force. This key economic indicator provides insights into the health and stability of the national job 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 unemployment rate is a vital metric for economists and policymakers, as it reflects the broader strength of the economy and can inform decisions around fiscal and monetary policy.
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 government agencies to guide economic interventions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest unemployment rate on record is 3.5%, reached in September 2019.
- Changes in the unemployment rate can signal shifts in consumer confidence and business investment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the percentage of the U.S. labor force that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic health and can inform decisions around fiscal and monetary policy.
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 government agencies to guide economic interventions and policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMAAUA156S), retrieved from FRED.