Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Australia
Annual, Not Seasonally Adjusted
LRUNTTTTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.02
Year-over-Year Change
-23.13%
Date Range
1/1/1967 - 1/1/2024
Summary
This economic trend measures the annual unemployment rate for the U.S. economy on an unadjusted basis. It provides important insights into broader labor market dynamics.
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 in the U.S. that is jobless but actively seeking employment. This metric is a key indicator of overall economic health and employment conditions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this unemployment rate trend to inform economic and workforce development strategies.
Key Facts
- The annual unemployment rate was 3.7% in 2021.
- The rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The U.S. has seen steady declines in the annual unemployment rate since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual unemployment rate for the U.S. civilian labor force on an unadjusted basis, providing insights into overall employment conditions.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key economic indicator used by policymakers, economists, and investors to gauge the health of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this unemployment rate trend to inform decisions on fiscal and monetary policies aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTAUA156N), retrieved from FRED.