Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Czechia
Annual, Seasonally Adjusted
LRHUTTTTCZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.78
Year-over-Year Change
-60.22%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the ratio of unemployed workers to the total civilian labor force. It is a key indicator of the health and stability of the U.S. 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
This seasonally adjusted unemployment rate is a widely-tracked economic indicator that provides insight into the strength of the U.S. economy. It is used by policymakers, analysts, and researchers to assess employment trends and inform economic decision-making.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in September 2019.
- The unemployment rate is a lagging economic indicator, often changing after other economic conditions have shifted.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the ratio of unemployed workers to the total civilian labor force in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of the health and stability of the U.S. labor market, providing insight into the strength of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as it signals the overall state of the labor market and broader economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a short lag, providing timely information on labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTCZA156S), retrieved from FRED.