Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for G7
Seasonally Adjusted
G7LFWA24TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,100,110.00
Year-over-Year Change
4.07%
Date Range
1/1/2005 - 1/1/2025
Summary
The Seasonally Adjusted series measures the unemployment rate in the United States, adjusted for seasonal variations. It is a key economic indicator used to analyze labor market trends and inform policymaking.
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 is a version of the headline U.S. unemployment rate that has been statistically adjusted to remove the influence of predictable seasonal patterns. This allows for a clearer assessment of underlying labor market conditions.
Methodology
The data is collected through the Current Population Survey and adjusted using established statistical techniques.
Historical Context
The Seasonally Adjusted unemployment rate is closely monitored by the Federal Reserve, Congress, and private analysts to gauge the health of the U.S. economy.
Key Facts
- The Seasonally Adjusted unemployment rate averaged 6.1% in 2021.
- Seasonal adjustment helps identify underlying trends by removing predictable fluctuations.
- The Seasonally Adjusted rate is considered a more reliable indicator than the unadjusted rate.
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, with the data statistically adjusted to account for predictable seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Seasonally Adjusted unemployment rate is a crucial indicator of labor market health and is closely followed by policymakers, economists, and investors to assess the overall state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey and adjusted using established statistical techniques to remove the influence of seasonal patterns.
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 and is also closely monitored by Congress and other policymakers to evaluate the effectiveness of economic policies.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted unemployment rate is published monthly with a lag of approximately one month, and the data may be subject to revisions as additional information becomes available.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for G7
G7LFHU24TTSTSAQ
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for G7
G7LREM24FESTSAQ
Balance of Payments: Financial Derivatives: Net (Assets Minus Liabilities) for G7
G7B6FAFD01CXCUQ
Infra-Annual Labor Statistics: Labor Force Female: From 25 to 54 Years for G7
G7LFAC25FESTSAQ
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for G7
G7B6FATT01CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for G7
G7LRHUTTFESTSAM
Citation
U.S. Federal Reserve, Seasonally Adjusted (G7LFWA24TTSTSAQ), retrieved from FRED.