All Employees: Mining, Logging, and Construction in Connecticut
Annual, Not Seasonally Adjusted
SMU09000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.70
Year-over-Year Change
22.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted unemployment rate in the U.S. It provides a broad indicator of labor market conditions and the economic health of the country.
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 total civilian labor force that is jobless. This metric is widely used by economists and policymakers to assess the strength of the economy and inform decision-making.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key factor considered by the Federal Reserve in setting monetary policy.
Key Facts
- The U.S. annual unemployment rate averaged 5.3% from 2010-2019.
- The highest annual unemployment rate in the U.S. was 9.6% in 2010.
- The lowest annual unemployment rate in the U.S. was 3.5% in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the total civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a widely-tracked economic indicator that provides insight into the strength of the labor market and overall economic health of the country.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key factor considered by the Federal Reserve in setting monetary policy to achieve full employment and price stability.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU09000001500000001A), retrieved from FRED.