Unemployment Rate: Aged 15-64: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRUN64TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
-11.68%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the unemployment rate in the United States. This metric is crucial for analyzing long-term labor market conditions and informing economic 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 annual unemployment rate series provides a high-level overview of the U.S. labor market without adjusting for seasonal factors. It is a widely followed indicator used by economists, policymakers, and market analysts to assess the health and trends of the broader economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key input for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate averaged 5.3% in 2022.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the overall unemployment rate in the United States on an annual basis, without adjusting for seasonal variations in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate series is a crucial indicator of the health of the labor market and broader economy. It informs economic policymaking and is closely watched by analysts, investors, and policymakers.
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 key input for the Federal Reserve and other institutions when setting monetary and fiscal policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically released with a short lag, and may be subject to minor revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTEUA156N), retrieved from FRED.