Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 24 Years for G7
Seasonally Adjusted
G7LFWA24MASTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,937,810.00
Year-over-Year Change
4.63%
Date Range
1/1/2005 - 1/1/2025
Summary
The Seasonally Adjusted Unemployment Rate is a key economic indicator that measures the percentage of the U.S. labor force that is jobless but actively seeking employment, adjusted for seasonal variations.
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 statistic is a crucial metric used by economists, policymakers, and analysts to assess the health and performance of the U.S. labor market. It provides insight into unemployment trends and is a key input for economic forecasting and policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys.
Historical Context
The Seasonally Adjusted Unemployment Rate is closely monitored by the Federal Reserve and other government institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has steadily declined since reaching its pandemic high.
- Seasonal adjustments help account for regular, predictable changes in the labor market throughout the year.
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 but actively seeking employment, with adjustments made to account for seasonal variations in hiring and layoff patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the overall health and performance of the U.S. labor market, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys and then seasonally adjusted to account for predictable fluctuations.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted Unemployment Rate is closely monitored by the Federal Reserve and other government institutions to inform monetary and fiscal policy decisions, as it is a key input for economic forecasting and analysis.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted Unemployment Rate data is typically released on a monthly basis, with a slight delay to allow for data collection and seasonal adjustments.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Unemployment Rate (G7LFWA24MASTSAQ), retrieved from FRED.