Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.14
Year-over-Year Change
-5.63%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic indicator tracks the monthly unemployment rate for individuals aged 15 and older in OECD countries. It provides timely insights into labor market conditions and is a key measure of economic health.
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 monthly unemployment rate for the OECD tracks the percentage of the labor force aged 15 and over who are without jobs but actively seeking work. This metric is widely used by economists, policymakers, and analysts to assess employment trends and the strength of the broader economy.
Methodology
The data is collected through national labor force surveys conducted in OECD member countries.
Historical Context
The unemployment rate is a crucial input for fiscal and monetary policy decisions.
Key Facts
- The OECD unemployment rate averaged 5.6% in 2021.
- Youth unemployment is generally higher than the overall rate.
- Unemployment tends to rise during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The monthly unemployment rate for the OECD tracks the percentage of the labor force aged 15 and over who are without jobs but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and overall economic health, providing timely insights that inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted in OECD member countries.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for fiscal and monetary policy decisions, as it reflects the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for delays in data reporting across OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD (OECDLRHUTTTTSTQ), retrieved from FRED.