Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Estonia
Seasonally Adjusted
LRUNTTTTEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.50
Year-over-Year Change
-25.17%
Date Range
1/1/2000 - 1/1/2024
Summary
The Seasonally Adjusted Unemployment Rate measures the percentage of the total labor force that is unemployed, with seasonal variations accounted for. This metric is a key indicator of economic health and 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
The Seasonally Adjusted Unemployment Rate is a widely-tracked economic indicator that provides insight into the overall health of the labor market. It adjusts the raw unemployment data to account for regular seasonal fluctuations, enabling analysts to identify underlying trends.
Methodology
The data is collected through the Current Population Survey and adjusted using statistical models to remove seasonal variations.
Historical Context
Policymakers and economists closely monitor this rate to inform decisions around monetary and fiscal policy.
Key Facts
- The seasonally adjusted unemployment rate was 3.5% in June 2022.
- The rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- Seasonal adjustment helps identify underlying trends in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Unemployment Rate measures the percentage of the total labor force that is unemployed, with regular seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clear picture of the labor market's health and underlying trends, which is crucial for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey and adjusted using statistical models to remove seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the seasonally adjusted unemployment rate to inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of one month.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LRUNTTTTEEA156S), retrieved from FRED.