Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Australia
Quarterly, Seasonally Adjusted
LRUN64TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.16
Year-over-Year Change
0.13%
Date Range
4/1/1978 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the U.S. unemployment rate, a key economic indicator used to assess labor market conditions and inform policymaking.
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 series represents the percentage of the civilian labor force that is unemployed but actively seeking work, adjusted for seasonal variations. It is a widely followed metric that provides insight into the health of the U.S. economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve, policymakers, and market analysts to gauge the strength of the labor market and guide economic policy decisions.
Key Facts
- The U.S. unemployment rate averaged 3.8% in 2022.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve aims for an unemployment rate around 4% as part of its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy, providing insights that are crucial for policymakers, businesses, and individual consumers.
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: The unemployment rate is closely monitored by the Federal Reserve and policymakers to gauge the strength of the labor market and guide economic policy decisions, such as setting interest rates and evaluating the need for interventions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN64TTAUQ156S), retrieved from FRED.