Unemployment Rate: Aged 55-64: Females for the European Union
Annual, Not Seasonally Adjusted
LRUN55FEEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.73
Year-over-Year Change
-14.48%
Date Range
1/1/2005 - 1/1/2019
Summary
The Annual, Not Seasonally Adjusted economic trend measures the annual unemployment rate in the United States. This key economic indicator is closely watched by policymakers and analysts to assess the 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
This annual unemployment rate is a comprehensive measure of the percentage of the civilian labor force that is without a job. It is a lagging indicator that reflects overall economic conditions and is a crucial input for monetary and fiscal policy decisions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a primary gauge of the strength of the U.S. economy and influences Federal Reserve policy and government spending priorities.
Key Facts
- The annual unemployment rate averaged 5.3% in 2021.
- The rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- Long-term unemployment remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the overall unemployment rate in the United States on an annual basis.
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, influencing monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve's monetary policy decisions and helps guide government spending and economic stimulus measures.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a short lag, typically within a few months of the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55FEEUA156S), retrieved from FRED.