Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Portugal
Annual, Seasonally Adjusted
LRUN55MAPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.18
Year-over-Year Change
-68.33%
Date Range
1/1/1998 - 1/1/2024
Summary
This series measures the annual unemployment rate in the United States, adjusted for seasonal variations. It is a key indicator of the overall health and strength 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 tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely followed metric used by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other government agencies in setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded annual, seasonally adjusted unemployment rate was 3.5% in 2019.
- The unemployment rate is a lagging economic indicator, meaning it tends to rise after the onset of a recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual unemployment rate in the United States, adjusted for seasonal variations. It 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 the overall health and strength of the U.S. labor market, and is closely monitored by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions.
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 a crucial input for the Federal Reserve and other government agencies in setting monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically released monthly, with a slight delay, and is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55MAPTA156S), retrieved from FRED.