FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low
UNRATECTL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-4.55%
Date Range
1/1/2025 - 1/1/2027
Summary
Represents the Federal Open Market Committee's low-end projection for civilian unemployment rates. Provides critical economic forecasting insights.
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 metric reflects the FOMC's most optimistic unemployment rate projections. It helps economists and policymakers understand potential labor market scenarios.
Methodology
Calculated through FOMC economic projection surveys and statistical modeling.
Historical Context
Used by Federal Reserve to inform monetary policy and economic planning.
Key Facts
- Represents most optimistic unemployment scenarios
- Part of FOMC's comprehensive economic projections
- Informs monetary policy decisions
FAQs
Q: What does this FOMC projection represent?
A: The lowest expected civilian unemployment rate according to Federal Reserve economic forecasts.
Q: How often are these projections updated?
A: FOMC updates economic projections quarterly during scheduled meetings.
Q: Why are these projections important?
A: Provide insights into potential economic conditions and guide monetary policy decisions.
Q: How accurate are these projections?
A: Projections are based on sophisticated economic models but can vary due to unforeseen economic changes.
Q: Who uses these unemployment projections?
A: Economists, policymakers, investors, and financial analysts rely on these forecasts.
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Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low (UNRATECTL), retrieved from FRED.