Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Austria
Annual, Not Seasonally Adjusted
LRHUTTTTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.18
Year-over-Year Change
-0.32%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and overall economic health.
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, not seasonally adjusted unemployment rate is a widely-used metric that tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment. This statistic is an important barometer for policymakers and analysts to assess the strength of the economy.
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 institutions to inform economic and monetary policy decisions.
Key Facts
- The annual unemployment rate in the U.S. reached a high of 9.6% in 2010 during the Great Recession.
- The rate has steadily declined since the recession, reaching 3.7% in 2019.
- Unemployment is a lagging economic indicator, often rising after a recession begins and falling after a recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian 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 indicator of labor market conditions and overall economic health, closely monitored by policymakers, economists, and market participants to inform decision-making.
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 a key input for the Federal Reserve and other government institutions when making economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTATA156N), retrieved from FRED.