Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Luxembourg
Annual, Not Seasonally Adjusted
LRUNTTTTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.42
Year-over-Year Change
24.90%
Date Range
1/1/2003 - 1/1/2024
Summary
This series measures the annual unemployment rate in the United States, not seasonally adjusted. It is a key indicator of the overall health and performance 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 percentage of the civilian labor force that is without a job and actively seeking employment over a 12-month period. This metric provides a comprehensive view of long-term employment trends, complementing monthly unemployment statistics.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the annual unemployment rate to assess the strength of the economy and guide decisions on monetary and fiscal policies.
Key Facts
- The annual unemployment rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- The annual unemployment rate has averaged around 5-6% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is without a job and actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of the overall health and performance of the U.S. labor market, providing a comprehensive view of long-term employment trends that complements monthly unemployment statistics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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: Policymakers and economists closely monitor the annual unemployment rate to assess the strength of the economy and guide decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate is published with a brief delay, as it is calculated based on the monthly CPS data.
Related Trends
Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Luxembourg
CP0430LUM086NEST
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Luxembourg
LRAC64FELUQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg
LUXCPGRSE01IXOBM
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for Luxembourg
LREM24FELUA156N
Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Luxembourg
00XHOULUM086NEST
Number of Identified Exporters to Luxembourg from Tennessee
TNLUXA475SCEN
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTLUA156N), retrieved from FRED.