Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Sweden
Annual, Not Seasonally Adjusted
LRUN74TTSEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.43
Year-over-Year Change
4.49%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual unemployment rate in the United States, not seasonally adjusted. It provides important insights into long-term labor market trends and is a key indicator for policymakers and analysts.
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 annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is unemployed over a 12-month period. This metric gives a broad view of labor market conditions, complementing more granular monthly unemployment data.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate trend is widely used by economists, policymakers, and market analysts to assess the overall health of the U.S. economy.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The annual unemployment rate reached a 50-year low of 3.5% in 2019 prior to the pandemic.
- Measuring unemployment on an annual basis smooths out monthly volatility in the labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is unemployed over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides important insights into long-term labor market trends, which is crucial for policymakers, economists, and market analysts to assess the overall health of the U.S. economy.
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: The annual unemployment rate is a key indicator used by the Federal Reserve, policymakers, and analysts to evaluate labor market conditions and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a one-month lag, providing a broad overview of long-term labor market trends.
Related Trends
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Sweden
LFEM25TTSEA647N
Use of Financial Services, Assets: Outstanding Loans to Households at Other Financial Intermediaries for Sweden
SWEFCSMHXDC
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Sweden
LRAC55TTSEQ156S
Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Sweden
LFEM24MASEA647N
Bank Z-Score for Sweden
DDSI01SEA645NWDB
Non-Bank Financial Institutions' Assets to GDP for Sweden
DDDI03SEA156NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN74TTSEA156N), retrieved from FRED.