Unemployment Rate in Arkansas
Annual, Not Seasonally Adjusted
LAUST050000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-51.39%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the employment rate for the United States. This key labor market indicator provides insights into workforce participation and economic health.
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, non-seasonally adjusted employment rate tracks the percentage of the civilian noninstitutional population aged 16 and over who are employed. It is a widely referenced metric for analyzing long-term employment trends and labor force dynamics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this employment rate to gauge overall economic performance and guide policy decisions.
Key Facts
- The annual employment rate averaged 59.2% in 2021.
- Employment rates declined sharply during the COVID-19 pandemic in 2020.
- Long-term trends show gradual increases in the US employment rate since the 1970s.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian noninstitutional population aged 16 and over who are employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a key indicator of labor market health and economic performance, providing insights for policymakers, businesses, and analysts.
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: Policymakers and economists closely monitor this employment rate to gauge overall economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: This annual, non-seasonally adjusted employment rate data is subject to the release schedule of the Current Population Survey.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST050000000000003A), retrieved from FRED.