Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Luxembourg
Annual, Seasonally Adjusted
LRHUTTMALUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.42
Year-over-Year Change
42.33%
Date Range
1/1/1983 - 1/1/2024
Summary
This measure tracks the annual, seasonally adjusted unemployment rate for the U.S. labor force. It is a key indicator of the overall health and strength of the American economy.
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 annual, seasonally adjusted unemployment rate reflects the percentage of the total civilian labor force that is jobless. It is a widely followed statistic that provides insight into labor market conditions and the broader economic climate.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this unemployment rate trend to inform economic and monetary policy decisions.
Key Facts
- The annual, seasonally adjusted unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- This measure has returned to pre-pandemic levels, reaching 3.5% as of December 2022.
- Low unemployment rates generally signal a healthy, growing economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate for the U.S. civilian labor force, representing the percentage of the total labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall strength and health of the economy, providing insights into labor market conditions that are closely watched by policymakers, businesses, and consumers.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this unemployment rate trend to inform economic and monetary policy decisions, as it reflects the broader health of the labor market and the overall economy.
Q: Are there update delays or limitations?
A: This unemployment rate data is typically released on a monthly basis, with a brief lag. There may be occasional revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMALUA156S), retrieved from FRED.