Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LRUN64TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
-22.88%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted economic trend measures the unemployment rate for the United States. This key indicator provides insight into the health and resilience 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 unemployment rate represents the percentage of the civilian labor force that is jobless but actively seeking employment. This widely followed statistic helps economists and policymakers assess the strength of the overall economy.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for federal monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate was 3.5% as of February 2020, a 50-year low.
- The unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Long-term unemployment remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the U.S. 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 health and resilience of the U.S. labor market, providing crucial insights for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 a critical input for federal monetary and fiscal policy decisions, as it reflects the overall strength of the economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a short lag, providing timely information on labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN64TTAUA156S), retrieved from FRED.