All Employees: Private Service Providing in Connecticut
Annual, Not Seasonally Adjusted
SMU09000000800000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,253.40
Year-over-Year Change
5.44%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides crucial insights into long-term labor market dynamics.
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, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless over a 12-month period, without adjusting for typical seasonal variations. This metric offers a comprehensive view of broader employment trends over time.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate is widely used by policymakers, economists, and analysts to assess the overall health of the U.S. labor market.
Key Facts
- The annual unemployment rate peaked at 9.3% in 2010 during the Great Recession.
- In 2021, the annual unemployment rate was 5.3%, down from a high of 8.1% in 2020 due to the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 3.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which tracks the percentage of the civilian labor force that is jobless over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides crucial insights into long-term labor market dynamics and is widely used by policymakers, economists, and analysts to assess the overall health of the U.S. job market.
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.
Q: How is this trend used in economic policy?
A: This unemployment rate is a key indicator used by policymakers, economists, and analysts to evaluate the state of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a short delay, providing a comprehensive view of labor market trends over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU09000000800000001A), retrieved from FRED.