Employed Persons in Illinois
Annual, Not Seasonally Adjusted
LAUST170000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,294,096.00
Year-over-Year Change
4.77%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total annual unemployment rate in the United States, providing a high-level snapshot of the country's labor market conditions.
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 percentage of the total civilian labor force that is unemployed over the course of a full calendar year, without adjusting for seasonal employment fluctuations. It serves as a key indicator of the overall health and stability of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this annual unemployment rate trend to inform decisions around monetary and fiscal policies.
Key Facts
- The annual unemployment rate in the U.S. peaked at 9.6% in 2010 during the Great Recession.
- In 2021, the annual unemployment rate was 5.3%, indicating a gradual recovery from pandemic-related job losses.
- Historically, the annual unemployment rate has ranged from around 3.5% to 10% in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total percentage of the civilian labor force in the United States that is unemployed over the course of a full calendar year.
Q: Why is this trend relevant for users or analysts?
A: This annual unemployment rate is a key indicator of the overall health of the U.S. labor market and economy, informing policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the annual unemployment rate to help guide monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual unemployment data is typically released with a short delay, and may not capture the full complexity of seasonal employment patterns.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST170000000000005A), retrieved from FRED.