Sales: Manufacturing: Total Manufacturing: Value for Sweden
Annual
SLMNTO02SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.01
Year-over-Year Change
53.70%
Date Range
1/1/1970 - 1/1/2022
Summary
The Annual trend measures the seasonally adjusted average number of months that unemployed individuals have been jobless in the United States. This metric provides insights into the duration and persistence of unemployment.
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 Annual trend reflects the average length of unemployment spells, offering valuable information about the dynamics of the labor market. Economists and policymakers use this data to assess the health of the economy and inform employment-related policies.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge labor market tightness and inform monetary and fiscal policy decisions.
Key Facts
- The average duration of unemployment in the U.S. was 25.1 weeks as of the latest data.
- Longer unemployment durations are associated with higher rates of long-term joblessness and skills erosion.
- The Annual trend reached a peak of 40.7 weeks during the Great Recession, reflecting the severe and prolonged nature of that economic downturn.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of months that unemployed individuals have been jobless in the United States, providing insights into the duration and persistence of unemployment.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding labor market dynamics and the overall health of the economy. Longer unemployment durations can signal labor market slack and have broader implications for household finances, consumer spending, and policy decisions.
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 Annual trend is closely monitored by the Federal Reserve and other institutions to gauge labor market tightness and inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The Annual data is published monthly by the Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual (SLMNTO02SEA661N), retrieved from FRED.