FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint
UNRATECTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-1.12%
Date Range
1/1/2025 - 1/1/2027
Summary
The FOMC Summary of Economic Projections provides a central tendency forecast for unemployment rates. This metric offers critical insights into expected labor market conditions from Federal Reserve economists.
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 Federal Open Market Committee's consensus view on future unemployment. It helps policymakers and economists anticipate potential economic shifts.
Methodology
Data collected through comprehensive economic modeling and expert panel assessments.
Historical Context
Used for monetary policy planning and economic strategy development.
Key Facts
- Represents midpoint unemployment rate projections
- Updated quarterly by Federal Reserve
- Critical tool for economic planning
FAQs
Q: How often are these unemployment projections updated?
A: The FOMC updates these projections quarterly during scheduled economic reviews.
Q: Who uses these unemployment projections?
A: Policymakers, economists, investors, and financial analysts rely on these forecasts.
Q: How accurate are these unemployment projections?
A: Projections are based on sophisticated economic models but actual results may vary.
Q: What factors influence these unemployment projections?
A: Economic indicators, labor market trends, and global economic conditions impact forecasts.
Q: Can these projections change quickly?
A: Projections can be revised based on emerging economic data and unexpected market shifts.
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Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections (UNRATECTM), retrieved from FRED.