Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,406,000.00
Year-over-Year Change
-17.67%
Date Range
1/1/1995 - 1/1/2018
Summary
This economic trend measures the harmonized unemployment rate for individuals aged 25 and older across the G7 countries. It provides important insights into the overall labor market conditions in major advanced economies.
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
The Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7 trend tracks the unemployment rate for working-age adults in the G7 nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. This data is a key indicator of economic performance and the health of labor markets.
Methodology
The data is collected through national labor force surveys and harmonized to ensure comparability across countries.
Historical Context
Policymakers and analysts use this trend to assess the relative strength of labor markets and make informed decisions about economic and employment policies.
Key Facts
- The G7 countries account for over 30% of global GDP.
- Unemployment rates vary significantly across the G7, from around 3% in Japan to over 9% in Italy.
- The G7 unemployment rate has declined from a peak of 8.5% in 2010 to around 5% in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the harmonized unemployment rate for individuals aged 25 and older across the G7 countries, providing insights into overall labor market conditions in major advanced economies.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic performance and the health of labor markets, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and harmonized to ensure comparability across the G7 countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the relative strength of labor markets and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of national labor force surveys, which may result in occasional update delays or limitations in data coverage.
Related Trends
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for G7
G7LFEMTTFESTSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for G7
G7LRHU24TTSTM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for G7
G7LRHUADFESTQ
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: Females for G7
G7LFHUADFESTSAM
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for G7
G7LFEM64FESTQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAQ
Citation
U.S. Federal Reserve, Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7 (G7LFHUADTTSTQ), retrieved from FRED.