Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low
UNRATECTLLR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
14.29%
Date Range
2/18/2009 - 6/18/2025
Summary
Represents the Federal Open Market Committee's long-term unemployment rate projection's lower bound. Provides critical insight into future economic expectations.
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 lowest estimated unemployment rate for the longer-term economic outlook. It helps understand potential economic scenarios.
Methodology
Calculated through FOMC's periodic economic projections and statistical modeling.
Historical Context
Used by economists, investors, and policymakers to anticipate future labor market conditions.
Key Facts
- Represents most optimistic FOMC unemployment scenario
- Updated periodically to reflect changing economic conditions
- Critical tool for economic planning and policy
FAQs
Q: What does this projection mean?
A: It represents the FOMC's most optimistic estimate of potential future unemployment rates.
Q: How often are these projections updated?
A: FOMC updates economic projections quarterly during scheduled meetings.
Q: Why are these projections important?
A: They guide monetary policy and provide insights into potential economic scenarios.
Q: How accurate are these long-term projections?
A: Projections are estimates based on current data and may change with economic conditions.
Q: Who uses these FOMC projections?
A: Economists, investors, policymakers, and financial analysts rely on these forecasts.
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Citation
U.S. Federal Reserve, Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Low (UNRATECTLLR), retrieved from FRED.