Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Luxembourg
Annual, Seasonally Adjusted
LRUN55TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.11
Year-over-Year Change
43.01%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total unemployment rate in the United States on a yearly basis. This key economic indicator provides insight into the overall health of the labor market and is closely watched by policymakers.
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, seasonally adjusted unemployment rate tracks the percentage of the total civilian labor force that is jobless. It is a widely used metric for evaluating employment conditions and informing economic and workforce development policies.
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 when considering monetary and fiscal policies.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The natural rate of unemployment is estimated to be around 4-5% in a healthy economy.
- Unemployment data is a leading indicator of economic performance and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total unemployment rate in the United States on a yearly basis, providing insight into overall labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator for evaluating the health of the economy and informing policy decisions by the Federal Reserve and other government agencies.
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 leading indicator that informs monetary and fiscal policies by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is subject to periodic revisions and may have a short delay in reporting compared to monthly or quarterly releases.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55TTLUA156S), retrieved from FRED.