Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Canada
Annual, Seasonally Adjusted
LRHUTTMACAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.67
Year-over-Year Change
-14.80%
Date Range
1/1/1956 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total unemployment rate in the United States, a key economic indicator used by policymakers to assess the overall 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
This series tracks the percentage of the total labor force that is unemployed but actively seeking work, adjusted for seasonal variations. It provides an authoritative benchmark of current employment conditions and is closely monitored by economists, businesses, and government entities.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The current U.S. unemployment rate is 3.5% as of January 2023.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total unemployment rate in the United States, representing the percentage of the labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial economic indicator that provides insights into the overall health of the labor market and is closely monitored by policymakers, businesses, and economists to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy decisions, as it helps assess the overall strength of the economy and guides the actions of the Federal Reserve and other government entities.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical one-month delay in reporting.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMACAA156S), retrieved from FRED.