Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LRUN24TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
14.67%
Date Range
1/1/2003 - 1/1/2024
Summary
The annual, seasonally adjusted unemployment rate measures the percentage of the civilian labor force that is unemployed in the United States. This key economic indicator provides insight into the overall health and performance of the U.S. 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, seasonally adjusted unemployment rate is a widely followed economic statistic that tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is a crucial measure of labor market conditions and economic activity.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by policymakers, economists, and investors to assess the strength of the economy and inform economic policies.
Key Facts
- The annual, seasonally adjusted unemployment rate in the U.S. was 3.5% in 2019.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve monitors the unemployment rate as a key indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate measures the percentage of the civilian labor force in the United States that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and performance of the U.S. labor market, and it is closely followed by policymakers, economists, and investors to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key economic indicator that informs policymaking, as it helps the Federal Reserve and other institutions assess the strength of the economy and make decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24TTLUA156S), retrieved from FRED.