Civilian Labor Force in Minnesota
Annual, Not Seasonally Adjusted
LAUST270000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,129,802.00
Year-over-Year Change
5.91%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. Unemployment is a key indicator of labor market conditions and economic performance.
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
The annual, not seasonally adjusted unemployment rate represents the percentage of the civilian labor force that is jobless but actively seeking work. This metric is closely watched by policymakers and analysts to assess the health of the broader economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and economic forecasting.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded annual, not seasonally adjusted unemployment rate was 2.5% in 1953.
- Unemployment tends to lag behind other economic indicators in recovery periods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market conditions and overall economic performance, closely watched by policymakers and analysts to assess the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released on a timely basis with minimal delays.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST270000000000006A), retrieved from FRED.