Unemployment Rate in Connecticut
Annual, Not Seasonally Adjusted
LAUST090000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-61.90%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total number of employed persons in the United States on an annual basis without adjusting for seasonal variations. This provides insight into long-term employment patterns.
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 data series tracks the total number of employed persons in the U.S. labor force on an annual basis. The lack of seasonal adjustment allows for analysis of broader employment trends over time, rather than month-to-month fluctuations.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This employment metric is closely watched by policymakers, economists, and market analysts to gauge the health of the overall U.S. economy.
Key Facts
- The U.S. labor force reached over 158 million employed persons in 2022.
- Employment levels fluctuate with economic cycles but have generally trended upward over the past decade.
- Analyzing annual, unadjusted data provides insight into long-term workforce participation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader employment patterns and the overall health of the U.S. labor market, which is a key indicator of economic performance.
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, economists, and market analysts closely monitor this employment metric to gauge the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag in data availability, as the Current Population Survey is conducted on a monthly basis but the annual, unadjusted figures are released with a delay.
Related Trends
Real Gross Domestic Product: Government and Government Enterprises (92) in Connecticut
CTGOVRQGSP
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Connecticut
CTSECCOMINVNGSP
Gross Domestic Product: Management of Companies and Enterprises (55) in Connecticut
CTMNGCOENTPRNGSP
Initial Claims in Connecticut
CTICLAIMS
Real Gross Domestic Product: Wood Product Manufacturing (321) in Connecticut
CTWPMANRGSP
Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Connecticut
CTCHEMMANQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST090000000000003A), retrieved from FRED.