Unemployment Rate: Aged 55-64: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRUN55TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.83
Year-over-Year Change
-11.87%
Date Range
1/1/2005 - 1/1/2019
Summary
This trend measures the annual unemployment rate in the United States, without seasonal adjustments. It is a key economic indicator used to assess 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 total labor force that is jobless. This unadjusted data provides a raw view of unemployment trends over the course of a year, which can offer additional insights compared to seasonally adjusted figures.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this unemployment metric to gauge the strength of the economy and inform decisions around fiscal and monetary policy.
Key Facts
- The annual unemployment rate averaged 5.3% in 2021.
- Unemployment levels typically peak during economic recessions.
- The data is not seasonally adjusted, providing a raw view of year-over-year trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States. It tracks the percentage of the total labor force that is jobless over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted annual unemployment rate provides a raw view of labor market trends, which can offer additional insights compared to seasonally adjusted figures. Policymakers and analysts use this metric to gauge the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment metric to inform decisions around fiscal and monetary policy, as it provides a gauge of the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: There may be delays in the release of the annual, not seasonally adjusted unemployment data compared to monthly figures, as it requires aggregating the full-year data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTEUA156N), retrieved from FRED.