Unemployment Rate: Aged 15 and Over: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRUNTTTTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
-11.96%
Date Range
1/1/2005 - 1/1/2019
Summary
This series measures the annual, not seasonally adjusted unemployment rate in the United States. It provides critical insights into the overall health of the U.S. 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, not seasonally adjusted unemployment rate tracks the proportion of the civilian labor force that is jobless but actively seeking employment. This metric is closely watched by economists and policymakers as an indicator of economic performance and the effectiveness of labor market policies.
Methodology
This data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a key input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The long-term average annual unemployment rate in the U.S. is around 5.7%.
- Unemployment data is a leading indicator of economic conditions and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, which tracks the proportion of the 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 critical indicator of the overall health of the labor market and the broader economy, making it highly relevant for economists, policymakers, and anyone analyzing economic conditions.
Q: How is this data collected or calculated?
A: This 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: The unemployment rate is a key input for monetary and fiscal policy decisions, as it helps inform assessments of economic performance and the effectiveness of labor market policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTEUA156N), retrieved from FRED.