FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, High
UNRATERH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
2.17%
Date Range
1/1/2025 - 1/1/2027
Summary
The FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, High measures the highest projected unemployment rate within the Federal Reserve's forecasted range. This key metric helps policymakers and analysts assess the state of the labor market and economic conditions.
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 economic indicator represents the Federal Reserve's projection for the highest possible unemployment rate over the forecast horizon, typically several years. It is part of the broader Summary of Economic Projections that the FOMC publishes quarterly, providing insight into the central bank's economic outlook.
Methodology
The data is collected through the FOMC's internal forecasting process and published in their quarterly Summary of Economic Projections.
Historical Context
This unemployment rate projection is closely watched by policymakers, investors, and economists as a signal of the Federal Reserve's assessment of future economic conditions.
Key Facts
- The FOMC projects the highest possible unemployment rate over the forecast horizon.
- This metric helps gauge the central bank's assessment of future labor market conditions.
- The projections are published quarterly as part of the Summary of Economic Projections.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the Federal Reserve's projection for the highest possible unemployment rate over their forecast horizon, typically several years.
Q: Why is this trend relevant for users or analysts?
A: The FOMC's projection for the highest unemployment rate is a key signal of the central bank's assessment of future labor market conditions and the overall economic outlook.
Q: How is this data collected or calculated?
A: The data is collected through the FOMC's internal forecasting process and published in their quarterly Summary of Economic Projections.
Q: How is this trend used in economic policy?
A: This unemployment rate projection is closely watched by policymakers, investors, and economists as an indicator of the Federal Reserve's assessment of future economic conditions.
Q: Are there update delays or limitations?
A: The projections are published quarterly as part of the FOMC's Summary of Economic Projections, so there may be a short delay between the projection and the public release of the data.
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Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, High (UNRATERH), retrieved from FRED.