Unemployment Rate in North Carolina
Annual, Not Seasonally Adjusted
LAUST370000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-62.50%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total unemployment rate in the U.S. over a 12-month period, providing a comprehensive view 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 annual, non-seasonally adjusted unemployment rate is a key economic indicator used by policymakers, economists, and analysts to gauge the overall health and stability of the U.S. workforce and broader economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored for policy decisions and market analysis.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- The rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- Unemployment is a lagging economic indicator that reflects broader business and consumer trends.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States over a 12-month period, providing a comprehensive view of the labor market.
Q: Why is this trend relevant for users or analysts?
A: This annual, non-seasonally adjusted unemployment rate is a key economic indicator used by policymakers, economists, and analysts to gauge the overall health and stability of the U.S. workforce and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored for policy decisions and market analysis, as it reflects broader business and consumer trends.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a brief delay, but provides a comprehensive, non-seasonally adjusted view of the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST370000000000003A), retrieved from FRED.