Unemployed Persons in Midwest Census Region
Annual, Not Seasonally Adjusted
LAURD920000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,425,351.00
Year-over-Year Change
-43.75%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted unemployment rate in the U.S. It is a key indicator of labor market conditions and a critical statistic for policymakers and economists.
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 annual not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment. This metric provides important context on the overall health and stability of the labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The U.S. annual not seasonally adjusted unemployment rate averaged 5.3% from 2010-2019.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- Historically low unemployment rates can signal a tight labor market and potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States. It represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical economic indicator that provides insight into the overall health and stability of the labor market. It is closely monitored by policymakers, economists, and market participants.
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 statistic used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions, such as setting interest rates and adjusting stimulus measures.
Q: Are there update delays or limitations?
A: The not seasonally adjusted unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAURD920000000000004A), retrieved from FRED.