Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Denmark
Annual, Not Seasonally Adjusted
LRUNTTTTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.15
Year-over-Year Change
-21.14%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States over time. This key economic indicator is crucial for policymakers and analysts to understand 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
This annual, non-seasonally adjusted unemployment rate series represents the proportion of the total civilian labor force that is without jobs. It is a widely tracked metric for assessing the overall health and stability of the U.S. economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Unemployment rates are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The annual unemployment rate has averaged around 5.6% over the past 20 years.
- The U.S. has seen a steady decline in the unemployment rate since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States, representing the proportion of the civilian labor force that is without jobs.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and stability of the U.S. economy, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) 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: Unemployment rates are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted unemployment rate data is typically published with a short delay and represents the total labor force, without adjusting for seasonal variations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTDKA156N), retrieved from FRED.