FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, High
UNRATECTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
2.22%
Date Range
1/1/2025 - 1/1/2027
Summary
The FOMC Summary of Economic Projections tracks the upper bound of projected unemployment rates. This metric provides critical insight into Federal Reserve economic forecasting strategies.
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 projection represents the highest expected unemployment rate from Federal Reserve board members. It helps economists anticipate potential economic challenges and labor market conditions.
Methodology
Data collected through quarterly Federal Open Market Committee economic projection surveys.
Historical Context
Used by policymakers to inform monetary policy and economic intervention strategies.
Key Facts
- Quarterly updated economic projection
- Represents upper-bound unemployment estimates
- Critical Federal Reserve economic indicator
FAQs
Q: What does the UNRATECTH series measure?
A: It tracks the highest projected unemployment rate from FOMC members. Provides insight into potential economic challenges.
Q: How often is this data updated?
A: The projection is updated quarterly during FOMC economic summary meetings.
Q: Why are these projections important?
A: They help policymakers and investors understand potential future labor market conditions and economic risks.
Q: How accurate are these unemployment projections?
A: Projections are expert estimates and may vary from actual outcomes based on economic developments.
Q: Who creates these unemployment projections?
A: Federal Reserve board members develop these economic forecasts during quarterly meetings.
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Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections (UNRATECTH), retrieved from FRED.