Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Portugal
Annual, Seasonally Adjusted
LRHUTTTTPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
-61.02%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the long-term trend in U.S. unemployment rates. It is a key economic indicator used by policymakers to assess labor market conditions.
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 annual unemployment rate series provides a smoothed, long-term view of the U.S. labor market. It is an important metric for economists and policymakers to evaluate the overall health and resilience of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- In 2022, the annual unemployment rate was 3.6%, near a 50-year low.
- Historically, the U.S. unemployment rate has ranged from around 3.5% to over 10%.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate tracks the long-term trend in the percentage of the U.S. labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the labor market and the broader economy. It is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The unemployment rate is a major input into Federal Reserve and other government policy decisions, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a lag of about one month. There may be revisions to previous months' data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTPTA156S), retrieved from FRED.