Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for OECD
Monthly, Seasonally Adjusted
OECDLFHUADTTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,797,835.06
Year-over-Year Change
-1.42%
Date Range
1/1/2005 - 11/1/2023
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures the unemployment rate in the United States. It is a key indicator of the overall health of the labor market and is closely watched by policymakers, economists, and investors.
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 monthly, seasonally adjusted unemployment rate is an important metric that reflects the percentage of the total labor force that is jobless. It is used to assess the strength of the economy and guide monetary and fiscal policy decisions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve's policy decisions and is monitored by financial markets to gauge the economic outlook.
Key Facts
- The U.S. unemployment rate stood at 3.5% as of the latest data.
- Unemployment typically rises during economic downturns and falls during periods of growth.
- The all-time low for the U.S. unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the percentage of the total U.S. labor force that is unemployed each month, after accounting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the strength of the labor market and the overall health of the economy. It informs policymakers, investors, and other stakeholders about economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, 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: The unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as it reflects the level of slack in the labor market and guides their efforts to achieve full employment and price stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly, with a typical delay of around 2-3 weeks from the end of the reference period. The data is subject to revision as more information becomes available.
Related Trends
Production: Construction: Total
OECDPRCNTO01GPSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for OECD
OECDLFIN55FESTSAQ
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for OECD
OECDLFEMTTFESTSAQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD
OECDLRUN55TTSTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for OECD
OECDLFINTTMASTSAQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD
OECDLFEM55TTSTSAQ
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (OECDLFHUADTTSTSAM), retrieved from FRED.