Unemployed Persons in Illinois
Annual, Not Seasonally Adjusted
LAUST170000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
330,822.00
Year-over-Year Change
-44.41%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total annual hours worked in the U.S. labor force. This provides insight into overall productivity and labor market utilization.
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 series tracks the total number of hours worked by all employed persons in the United States on an annual basis, without adjusting for seasonal variations. It offers a high-level view of labor input and is used to analyze workforce capacity and productivity trends.
Methodology
The data is collected through surveys of U.S. households and businesses by the Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this metric to gauge the overall health and utilization of the national labor force.
Key Facts
- Total annual hours worked in the U.S. was over 258 billion in 2021.
- Average annual hours per worker was 1,791 in 2021.
- Annual labor input has grown by over 25% since 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total number of hours worked by the entire U.S. labor force on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into overall labor utilization and productivity, which are key factors in economic growth and workforce capacity analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and businesses conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this annual labor input trend to assess the health and utilization of the national workforce, which informs decisions around employment, productivity, and economic policy.
Q: Are there update delays or limitations?
A: The annual data has a lag of several months, as it takes time to collect and compile the survey results across the entire U.S. labor force.
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Real Personal Income: Nonmetropolitan Portion for Illinois
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90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Illinois
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Imports of Goods for Illinois
IMPTOTIL
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST170000000000004A), retrieved from FRED.