Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Austria
Annual, Seasonally Adjusted
LRHUTTTTATA156S • 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
The Annual, Seasonally Adjusted series measures the percent of the total labor force that is unemployed but actively seeking work and available for hire. This key economic indicator provides insight into 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
The Annual, Seasonally Adjusted unemployment rate is a widely followed economic metric that reflects the proportion of the civilian labor force that is jobless but actively seeking employment. It is a crucial barometer of labor market conditions and a key input for policymakers and analysts assessing the state of the economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The civilian labor force participation rate was 62.3% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate measures the percentage of the total 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 key indicator of the health of the labor market and the broader economy, providing valuable insights for policymakers, businesses, and individual consumers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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: The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy, as it is a crucial indicator of the overall state of the economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a typical lag of around four weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTATA156S), retrieved from FRED.