Unemployment Rate in Maryland
Annual, Not Seasonally Adjusted
LAUST240000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-56.52%
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 helps policymakers and analysts track 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 represents the annual average unemployment rate for the U.S., unadjusted for seasonal variations. Economists use this measure to assess long-term trends in the labor force and identify potential policy interventions.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The annual unemployment rate is a vital input for Federal Reserve monetary policy and helps gauge the overall health of the U.S. economy.
Key Facts
- The U.S. annual unemployment rate peaked at 9.6% in 2010.
- Full employment is generally considered to be around 4-5% unemployment.
- Unemployment data is a lagging economic indicator.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average unemployment rate in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of overall labor market conditions and economic health, helping policymakers and analysts assess long-term employment trends.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a vital input for Federal Reserve monetary policy and helps gauge the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically published with a 1-2 month delay and does not account for seasonal variations in the labor force.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST240000000000003A), retrieved from FRED.