Unemployment Rate in Delaware
Annual, Not Seasonally Adjusted
LAUST100000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-47.14%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures annual average unemployment levels in the United States. It provides valuable insights into the overall health and direction of the U.S. 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
This annual unemployment series represents the average level of joblessness throughout the year, without adjusting for typical seasonal hiring and layoff patterns. It offers a complementary perspective to monthly unemployment statistics, which can be impacted by temporary, seasonal factors.
Methodology
The data is collected through the Current Population Survey, a joint effort of the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this and other unemployment indicators to assess labor market conditions and inform economic and monetary policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- Unemployment peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The annual rate has remained below 4% since 2018.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average level of unemployment in the United States over the course of a full year, without adjusting for typical seasonal hiring and layoff patterns.
Q: Why is this trend relevant for users or analysts?
A: This annual unemployment metric provides a useful complement to monthly unemployment statistics, offering a broader, less volatile view of labor market conditions that is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort of the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this and other unemployment indicators to assess labor market conditions and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There can be lags in the availability of annual unemployment data, as it relies on the compilation of monthly survey results over an entire year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST100000000000003A), retrieved from FRED.