Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for OECD
Seasonally Adjusted
OECDLRUN64TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.06
Year-over-Year Change
-5.52%
Date Range
1/1/2008 - 1/1/2025
Summary
The 'Seasonally Adjusted' economic trend measures the unemployment rate in the United States, a key indicator of labor market health and economic conditions.
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 seasonally adjusted unemployment rate data is a widely tracked economic indicator used by policymakers, analysts, and economists to assess the strength of the U.S. labor market and broader economic trends.
Methodology
The data is collected and calculated by the OECD using standardized statistical methods.
Historical Context
The unemployment rate is a crucial metric informing economic and policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- Seasonal adjustments account for predictable fluctuations in employment throughout the year.
- The unemployment rate is a leading indicator of economic health and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' trend measures the monthly unemployment rate in the United States, a key indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial economic indicator used by policymakers, businesses, and consumers to assess the strength of the labor market and broader economic health.
Q: How is this data collected or calculated?
A: The data is collected and seasonally adjusted by the OECD using standardized statistical methods.
Q: How is this trend used in economic policy?
A: The unemployment rate informs decisions by the Federal Reserve, Congress, and other institutions regarding monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The seasonally adjusted unemployment data is published monthly with a short lag, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDLRUN64TTSTSAQ), retrieved from FRED.