Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for G7
Seasonally Adjusted
G7LFUNTTTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,364,670.00
Year-over-Year Change
7.02%
Date Range
1/1/1998 - 1/1/2025
Summary
The Seasonally Adjusted series measures the U.S. unemployment rate after accounting for regular seasonal fluctuations in the labor market. This key economic indicator helps policymakers assess underlying labor market 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
The Seasonally Adjusted unemployment rate removes the impact of predictable seasonal patterns, such as holiday hiring and school graduations, to better reflect the true state of the labor market. This series is a core data point analyzed by the Federal Reserve, government, and economists.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys.
Historical Context
The Seasonally Adjusted unemployment rate is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The pre-pandemic unemployment rate was 3.5% in February 2020.
- Seasonal adjustment helps remove predictable changes like summer job losses.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted unemployment rate measures the percentage of the U.S. labor force that is jobless, after accounting for regular seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted unemployment rate provides a clearer picture of underlying labor market conditions, enabling more accurate assessment of the economy's health by policymakers, businesses, and the public.
Q: How is this data collected or calculated?
A: The data is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of U.S. households.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted unemployment rate is a key input for the Federal Reserve's monetary policy decisions, as it helps the central bank evaluate the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate data is released monthly with a brief lag, providing timely information on the state of the U.S. labor market.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
G7LFIN25TTSTSAQ
Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLPI01CXCUQ
Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for G7
G7B6FARA01CXCUQ
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for G7
G7LFEM24FEGPQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for G7
G7LFWA25MASTSAQ
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for G7
G7LFEM64TTGPSAQ
Citation
U.S. Federal Reserve, Seasonally Adjusted (G7LFUNTTTTSTSAQ), retrieved from FRED.