All Employees: Goods Producing in Puerto Rico
Annual
SMU72000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.70
Year-over-Year Change
2.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average unemployment rate in the United States. This key economic indicator is widely tracked by policymakers, economists, and the public to assess the health of the labor market.
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 unemployment rate represents the total number of unemployed persons as a percentage of the civilian labor force. It is a crucial barometer of economic conditions and a primary input for fiscal and monetary policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The annual unemployment rate is a leading indicator used to evaluate the overall performance of the U.S. economy.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before rising sharply due to the COVID-19 pandemic.
- Historically, the annual unemployment rate has ranged from a low of 2.9% in 1953 to a high of 9.7% in 2010.
- The unemployment rate is a key factor considered by the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average unemployment rate in the United States over a 12-month period. It represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a critical indicator of the overall health of the labor market and the broader economy. It informs policy decisions and is closely watched by economists, investors, and the public.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as well as fiscal policy choices made by the U.S. government. It helps guide policy responses to economic conditions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a slight lag, typically a few weeks after the end of the calendar year. There are also limitations in accurately capturing certain types of employment, such as the gig economy.
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Citation
U.S. Federal Reserve, Annual (SMU72000000600000001A), retrieved from FRED.