Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Switzerland
Annual, Not Seasonally Adjusted
LRHUTTTTCHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-3.20%
Date Range
1/1/2010 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the unemployment rate in China. This key labor market indicator is closely watched by economists and policymakers to assess the overall health of the Chinese 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
This series tracks the percentage of the Chinese labor force that is unemployed and actively seeking work, without seasonal adjustments. The unemployment rate is a crucial metric for understanding economic performance and the strength of the job market.
Methodology
The data is collected through household surveys conducted by the National Bureau of Statistics of China.
Historical Context
The Chinese unemployment rate is a valuable input for economic analysis and policymaking.
Key Facts
- China's unemployment rate averaged 5.2% from 2011 to 2022.
- The unemployment rate reached a high of 6.2% in February 2020 during the COVID-19 pandemic.
- The rate has steadily declined since 2020 as the Chinese economy has recovered.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the unemployment rate in China, which represents the percentage of the labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Chinese unemployment rate is a key indicator of the overall health of the labor market and the broader economy. It is closely monitored by economists, policymakers, and investors to assess economic performance and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Bureau of Statistics of China.
Q: How is this trend used in economic policy?
A: The Chinese unemployment rate is a valuable input for economic analysis and policymaking, as it helps inform decisions related to employment, fiscal and monetary policy, and overall economic management.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays, providing a reliable snapshot of the Chinese labor market over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTCHA156N), retrieved from FRED.