Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for G7
Monthly, Seasonally Adjusted
G7LRHU24TTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.46
Year-over-Year Change
4.66%
Date Range
1/1/1991 - 5/1/2025
Summary
The 'Monthly, Seasonally Adjusted' series measures U.S. employment in leisure and hospitality industries. It is a key indicator of economic activity and consumer demand.
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 monthly indicator tracks the number of jobs in the leisure and hospitality sector, which includes industries like hotels, restaurants, arts, and entertainment. It is a widely-watched metric that provides insight into consumer spending and the broader service economy.
Methodology
The data is collected and seasonally adjusted by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts use this indicator to assess the health of the service sector and make informed decisions about economic policy.
Key Facts
- Leisure and hospitality accounts for over 15% of total U.S. employment.
- This sector was hit hardest by the COVID-19 pandemic, losing over 8 million jobs.
- Employment in leisure and hospitality has recovered to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' series tracks the number of jobs in the U.S. leisure and hospitality sector, which includes industries like hotels, restaurants, arts, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer spending and the health of the broader service economy, making it a closely watched metric for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and seasonally adjusted by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the service sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (G7LRHU24TTSTSAM), retrieved from FRED.