Unemployment Rate in Alabama
Annual, Not Seasonally Adjusted
LAUST010000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
-62.20%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted employment level in the United States. It provides valuable insights into long-term employment patterns and trends, which are crucial for policymakers and analysts monitoring the 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
The Annual, Not Seasonally Adjusted employment series represents the total number of employed persons in the U.S. over a 12-month period, without adjusting for seasonal variations. This data is widely used by economists and policymakers to analyze long-term employment growth, identify structural shifts, and evaluate the underlying strength of the labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve, government agencies, and private sector analysts to inform economic and labor market policies.
Key Facts
- The annual employment level in the U.S. reached a record high in 2019.
- Employment growth has slowed in recent years due to demographic and technological changes.
- The COVID-19 pandemic caused a significant drop in annual employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the United States, providing insights into long-term employment patterns and trends.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers and analysts monitoring the health of the labor market, as it helps identify structural shifts and evaluate the underlying strength of employment.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Federal Reserve, government agencies, and private sector analysts to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST010000000000003A), retrieved from FRED.