Civilian Labor Force in Connecticut
Annual, Not Seasonally Adjusted
LAUST090000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,944,419.00
Year-over-Year Change
2.69%
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 provides important insights into long-term labor market trends and informs economic policymaking.
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 is a key indicator of the overall health and performance of the U.S. labor market. It represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely watched by policymakers, economists, and market analysts to assess economic conditions and guide policy decisions.
Key Facts
- The annual, not seasonally adjusted unemployment rate in the U.S. was 3.7% in 2021.
- The rate has fluctuated between 3.5% and 10% over the past decade.
- It is considered a lagging economic indicator, reflecting past employment conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a key indicator of the overall health and performance of the U.S. labor market, providing important insights into long-term trends that inform economic policymaking and analysis.
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: The unemployment rate is closely watched by policymakers, economists, and market analysts to assess economic conditions and guide policy decisions related to employment, labor market regulations, and macroeconomic strategies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a lag, reflecting past employment conditions, and may not capture short-term fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST090000000000006A), retrieved from FRED.