Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Denmark
Annual, Seasonally Adjusted
LRHUTTTTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
-20.45%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate for the U.S. labor force, providing a key economic indicator for policymakers and analysts.
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 unemployment rate series is a widely-used measure of labor market health, representing the percentage of the civilian labor force that is jobless but actively seeking employment. It is a crucial metric for understanding economic performance and guiding policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Unemployment rates are closely monitored by the Federal Reserve, government agencies, and private-sector economists to assess the strength of the broader economy.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate is a lagging economic indicator, often rising after a recession has begun.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted 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 crucial indicator of labor market health and economic performance, informing policy decisions by the Federal Reserve, government, and private-sector analysts.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Unemployment rates are closely monitored by policymakers at the Federal Reserve and government agencies to assess the broader economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The unemployment data is released monthly with a short lag, providing timely information on labor market conditions.
Related Trends
Broad Effective Exchange Rate for Denmark
NBDKBIS
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCP120000CTGYM
International Merchandise Trade Statistics: Exports: Commodities for Denmark
XTEXVA01DKM667S
Total Credit to General Government, Adjusted for Breaks, for Denmark
QDKGAM770A
International Trade: Exports: Value (Goods): Total for Denmark
XTEXVA01DKQ188S
Harmonized Index of Consumer Prices: Administered Prices for Denmark
AP0000DKM086NEST
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTDKA156S), retrieved from FRED.