Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LRUN64TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.23
Year-over-Year Change
-0.86%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total unemployment rate in the United States. This key economic indicator provides crucial insights into 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, unadjusted unemployment rate is a widely-tracked metric for evaluating the strength of the U.S. economy. It represents the percentage of the total civilian labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this unemployment rate to inform decisions and assessments regarding monetary and fiscal policies.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- The rate peaked at 14.7% in April 2020 during the pandemic's economic disruptions.
- Long-term unemployment, defined as 27 weeks or more, is a key concern for policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This annual, unadjusted unemployment rate is a crucial indicator of the strength of the U.S. labor market and overall economic conditions. It informs policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this unemployment rate to guide monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is subject to revisions and may have a delay of several months before the final figures are published.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTATA156N), retrieved from FRED.