Unemployment Rate: Aged 15-24: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRUN24TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.35
Year-over-Year Change
-8.74%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides key insights into the overall health of the labor market.
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 civilian labor force that is jobless but actively seeking employment. This metric is an important indicator of economic conditions and is closely monitored by policymakers and analysts.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical data point used to inform economic and monetary policy decisions.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate was 3.7% in 2022.
- The rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 62.2% in 2022.
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 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 key indicator of labor market conditions and overall economic health, making it highly relevant for policymakers, economists, and investors.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and the not seasonally adjusted version may be subject to more volatility compared to the seasonally adjusted figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTEUA156N), retrieved from FRED.