Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Estonia
Annual, Not Seasonally Adjusted
LRHUTTTTEEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.61
Year-over-Year Change
-23.21%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides valuable insights into long-term employment patterns and is a key 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
The annual, not seasonally adjusted unemployment rate tracks the percentage of the total labor force that is jobless and actively seeking employment over a 12-month period. This metric is an important barometer of the overall health and stability of the U.S. labor market.
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
Policymakers and economists closely monitor this trend to inform decisions on fiscal and monetary policies aimed at promoting full employment and economic growth.
Key Facts
- The annual, not seasonally adjusted unemployment rate in the U.S. was 3.7% in 2022.
- This metric has shown a gradual decline from a high of 9.6% in 2010 during the Great Recession.
- Seasonal adjustments are not applied to this data, providing a raw measure of long-term employment trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the total labor force that is jobless and actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a crucial indicator of the overall health and stability of the U.S. labor market, providing insights into long-term employment patterns that are valuable for policymakers, economists, and market analysts.
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: Policymakers and economists closely monitor this trend to inform decisions on fiscal and monetary policies aimed at promoting full employment and economic growth in the United States.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published on a regular basis, with no significant update delays. However, it is important to note that this metric does not account for seasonal fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTEEA156N), retrieved from FRED.