Unemployment Rate in Indiana
Annual, Not Seasonally Adjusted
LAUST180000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-48.78%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the year-over-year change in total nonfarm employment in the United States. This provides insights into long-term 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 series tracks the annual change in total nonfarm payroll employment, which includes both private and public sector jobs. Economists and policymakers use this data to understand the overall health and direction of the U.S. labor market.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for monitoring the broader economy and informing fiscal and monetary policy decisions.
Key Facts
- The U.S. nonfarm workforce exceeds 150 million people.
- Employment growth has averaged around 2% per year since 2010.
- The COVID-19 pandemic caused a sharp 5.7% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in total nonfarm employment in the United States, including both private and public sector jobs.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the overall health and direction of the U.S. labor market, which is a key driver of economic growth and a critical input for policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the strength of the economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and the not seasonally adjusted figures may be subject to greater volatility than the seasonally adjusted series.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST180000000000003A), retrieved from FRED.