Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Luxembourg
Annual, Seasonally Adjusted
LRUN74TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
24.76%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the U.S. unemployment rate on a yearly basis, providing a high-level overview of labor market conditions.
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 tracks the percentage of the civilian labor force that is unemployed but actively seeking work, adjusted for seasonal variations. It serves as a key indicator of economic health and employment trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to inform decisions on fiscal and monetary policy.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- Unemployment levels are a leading indicator of economic performance.
- The annual, seasonally adjusted series provides a high-level view of labor market trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, reflecting the percentage of the 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 of the labor market and the broader economy. It helps policymakers and analysts assess economic performance and guide decisions on fiscal and monetary policies.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the unemployment rate to gauge the overall strength of the labor market and the economy. This metric informs decisions on fiscal and monetary policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate is released on a monthly basis with a lag of approximately one month. While a timely indicator, the annual nature of the series may limit its use for tracking short-term labor market fluctuations.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTLUA156S), retrieved from FRED.