Unemployment Rate in the District of Columbia
Annual, Not Seasonally Adjusted
LAUST110000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-41.57%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual average unemployment rate in the United States. This key economic indicator provides insights into the overall health and performance of the US 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 rate series represents the percentage of the civilian labor force that is jobless. It is a widely followed metric used by policymakers, economists, and analysts to assess the strength of the US economy and guide economic and monetary policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the US Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other institutions in evaluating the need for policy interventions or adjustments.
Key Facts
- The US unemployment rate averaged 5.3% in 2022.
- The unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The annual unemployment rate has ranged from 3.5% to 9.6% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the average unemployment rate in the United States over a calendar year. It represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a crucial indicator of the overall health and performance of the US labor market. It is closely monitored by policymakers, economists, and market participants to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the US Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other institutions in evaluating the need for policy interventions or adjustments, such as changes in interest rates or fiscal measures, to support the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate is typically published with a delay of several months after the end of the calendar year, as the data is compiled from the monthly CPS surveys.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST110000000000003A), retrieved from FRED.