Unemployment Rate: Aged 55-64: All Persons for the European Union
Quarterly, Seasonally Adjusted
LRUN55TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.73
Year-over-Year Change
-25.07%
Date Range
1/1/2005 - 10/1/2019
Summary
The Quarterly, Seasonally Adjusted employment rate is a key economic indicator that measures the percentage of the total labor force that is unemployed but actively seeking work in the United States. It provides important 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
This seasonally adjusted unemployment rate represents the proportion of the civilian labor force that is jobless but actively looking for employment. It is a widely tracked metric used by economists, policymakers, and market analysts to assess labor market dynamics and inform economic decision-making.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The current U.S. unemployment rate is 3.7%.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted unemployment rate measures the percentage of the total U.S. labor force that is without a job but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of labor market health and a key input for economic policy decisions made by the Federal Reserve and government.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by policymakers and informs monetary and fiscal policy decisions made by the Federal Reserve and government.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, and may be subject to revisions based on new information.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN55TTEUQ156S), retrieved from FRED.