Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Sweden
Annual, Seasonally Adjusted
LRUN74TTSEA156S • 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
The Annual, Seasonally Adjusted trend measures the unemployment rate for the total U.S. labor force. It is a key indicator used by economists and policymakers to assess the health of the 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 Annual, Seasonally Adjusted unemployment rate is a widely tracked economic indicator that provides a comprehensive view of the U.S. job market. It represents the percentage of the total civilian labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate in the U.S. was 3.5% in September 2019.
- The labor force participation rate was 62.1% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the total 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 overall health of the labor market and the broader economy. It is closely watched by policymakers, businesses, and investors to assess economic conditions and inform decision-making.
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: The unemployment rate is a crucial input for the Federal Reserve and other government agencies in setting monetary and fiscal policies to promote full employment and price stability.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted unemployment rate is published monthly with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTSEA156S), retrieved from FRED.