Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Luxembourg
Annual, Not Seasonally Adjusted
LRHUTTTTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.29
Year-over-Year Change
24.18%
Date Range
1/1/1983 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides a high-level indicator of overall labor market conditions and economic performance.
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 is a widely tracked economic indicator that reflects the percentage of the total labor force that is jobless. It is a key statistic used by policymakers, analysts, and researchers to assess the health of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- Unemployment rates tend to rise during economic downturns and fall during periods of growth.
- The Bureau of Labor Statistics collects the data through household surveys.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate measures the percentage of the total labor force in the United States that is jobless and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and government policymakers to support stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a short lag, typically 1-2 months after the end of the year. There are no significant limitations to the data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTLUA156N), retrieved from FRED.