Unemployment Rate in Northeast Census Region
Annual, Not Seasonally Adjusted
LAURD910000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-50.62%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average unemployment rate in the U.S. over a full calendar year. This metric is crucial for economists and policymakers to assess long-term 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
This annual unemployment rate is a key indicator of the overall health of the U.S. economy. It provides a comprehensive view of joblessness trends without the fluctuations of seasonal hiring patterns, allowing for more robust analysis of underlying employment dynamics.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers use this annual unemployment rate to inform decisions on monetary and fiscal policies aimed at promoting stable, full employment.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- The rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Historically, the annual rate has ranged from around 3% to 10% since 1948.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average unemployment rate in the United States over the course of a full calendar year.
Q: Why is this trend relevant for users or analysts?
A: This annual unemployment rate is a crucial indicator of the overall health of the U.S. labor market, providing a comprehensive view of joblessness trends that is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use this annual unemployment rate to inform decisions on monetary and fiscal policies aimed at promoting stable, full employment.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a delay and may be subject to revisions as more information becomes available.
Related Trends
Expenditures: Housekeeping Supplies by Region: Residence in the Northeast Census Region
CXUHKPGSUPPLB1102M
Personal Taxes: Federal Income Taxes by Region: Residence in the Northeast Census Region
CXUFEDTAXESLB1102M
Expenditures: Entertainment by Region: Residence in the Northeast Census Region
CXUENTRTAINLB1102M
New Houses Sold by Sales Price Between $800,000 and $999,999 in the Northeast Census Region
NHSNESP80T99A
Expenditures: Miscellaneous Household Equipment by Region: Residence in the Northeast Census Region
CXUMISCHHEQLB1102M
Expenditures: Major Appliances by Region: Residence in the Northeast Census Region
CXUMAJAPPLLB1102M
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAURD910000000000003A), retrieved from FRED.