Unemployed Persons in Northeast Census Region
Annual, Not Seasonally Adjusted
LAURD910000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,179,038.00
Year-over-Year Change
-49.28%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total unemployment rate in the United States. It is a key indicator of the overall strength and health of the labor market.
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, unadjusted unemployment rate reflects the percentage of the total civilian labor force that is jobless. It is a widely followed statistic used by economists, policymakers, and market analysts to assess economic performance and inform policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy deliberations.
Key Facts
- The US unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The pre-pandemic annual unemployment rate in 2019 was 3.7%.
- Unemployment is a lagging economic indicator, often rising after a recession begins.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States, reflecting the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market health and economic performance, used by policymakers, economists, and market participants to inform decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy deliberations, as it reflects the overall strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The annual, unadjusted unemployment rate data is subject to revisions and may have a several-month delay in publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAURD910000000000004A), retrieved from FRED.