Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Canada
Quarterly, Seasonally Adjusted
LRHUTTTTCAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.93
Year-over-Year Change
34.19%
Date Range
1/1/1955 - 4/1/2025
Summary
This quarterly, seasonally adjusted trend measures the U.S. unemployment rate, a key indicator of labor market health and economic conditions.
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 the percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely followed economic statistic used to gauge the strength of the job market and overall economic performance.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by policymakers, economists, and markets to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, prior to the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- The unemployment rate has steadily declined since the height of the pandemic, reaching 3.5% again in July 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the U.S. 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 key indicator of labor market health and overall economic conditions, making it highly relevant for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household 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 policymakers, such as the Federal Reserve, to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a slight delay for the most recent period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRHUTTTTCAQ156S), retrieved from FRED.