Harmonized Unemployment Rate: Total: All Persons for the European Union
Monthly, Not Seasonally Adjusted
LRHUTTTTEUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.40
Year-over-Year Change
-7.25%
Date Range
1/1/2000 - 1/1/2020
Summary
This economic indicator measures the total unemployment rate in the United States on a monthly basis without seasonal adjustments. It provides valuable insights into the underlying labor market trends.
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 Not Seasonally Adjusted Unemployment Rate is a key statistic that reflects the total proportion of the civilian labor force that is unemployed during a given month. This unadjusted data allows for the analysis of long-term patterns and the impact of seasonal factors on the labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this unemployment rate to assess the health of the U.S. labor market and inform economic decisions.
Key Facts
- The unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate was 3.5% in September 2019.
- The U.S. unemployment rate has averaged around 6% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Not Seasonally Adjusted Unemployment Rate measures the total proportion of the civilian labor force that is unemployed in a given month, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted unemployment data provides valuable insights into underlying labor market trends and the impact of seasonal factors, which is crucial for policymakers and economists to assess the health of the U.S. economy.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this unemployment rate to evaluate the state of the labor market and inform economic decisions, such as monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Not Seasonally Adjusted Unemployment Rate is released on a monthly basis by the U.S. Federal Reserve, with a typical delay of a few weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHUTTTTEUM156N), retrieved from FRED.