Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for OECD
Monthly, Not Seasonally Adjusted
OECDLRHU24TTSTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.19
Year-over-Year Change
1.88%
Date Range
1/1/2005 - 5/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' trend measures the unemployment rate in the United States. It is a key economic indicator closely monitored by policymakers and analysts.
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 indicator represents the percentage of the total labor force in the U.S. that is unemployed but actively seeking work. The non-seasonally adjusted data provides a raw view of unemployment trends without adjustments for typical seasonal fluctuations.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a vital metric for assessing the health of the labor market and guiding economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate was 3.7% in August 2022.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' trend 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 critical indicator of labor market conditions and a key input for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The 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 closely monitored by the Federal Reserve and other policymakers to assess the health of the labor market and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly with a typical 1-2 week delay from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (OECDLRHU24TTSTM), retrieved from FRED.