Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Russia
Annual, Seasonally Adjusted
LRUNTTTTRUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.82
Year-over-Year Change
-34.44%
Date Range
1/1/2010 - 1/1/2021
Summary
The 'Annual, Seasonally Adjusted' series tracks the unemployment rate for the United States, a key indicator of the overall health of the economy.
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 unemployment rate represents the percentage of the total labor force that is without a job but actively seeking employment. It is a widely-used metric for evaluating economic conditions and informing policy decisions.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by policymakers, investors, and consumers to assess economic performance and trends.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate is a lagging indicator, meaning it tends to rise after the start of an economic downturn.
- Long-term unemployment, defined as being jobless for 27 weeks or more, is a key concern for policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the total U.S. labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and performance of the economy, providing insights into labor market conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and analysts closely monitor the unemployment rate to assess economic conditions and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly, with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTRUA156S), retrieved from FRED.