Civilian Labor Force in Mississippi
Annual, Not Seasonally Adjusted
LAUST280000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,271,435.00
Year-over-Year Change
-4.48%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series tracks the annual average of the unemployment rate in the United States. This key economic indicator provides insight into the overall health and stability of the labor market.
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 average annual unemployment rate for the U.S. population, calculated from monthly survey data and reported without seasonal adjustments. It is a widely-used measure of economic activity and labor market conditions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this annual unemployment rate to assess broader employment trends and inform economic and workforce development decisions.
Key Facts
- The annual unemployment rate averaged 5.7% in 2021.
- The annual rate has ranged from 3.5% to 10% over the past decade.
- The not seasonally adjusted data provides a less volatile view of labor market trends.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the annual average of the unemployment rate in the United States, calculated from monthly survey data without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of the overall health and stability of the labor market, providing important insights for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual unemployment rate data to assess broader employment trends and inform economic and workforce development decisions.
Q: Are there update delays or limitations?
A: The not seasonally adjusted annual unemployment rate data is updated monthly, with a short publication delay, and provides a less volatile view of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST280000000000006A), retrieved from FRED.