Unemployment Rate in Ohio
Annual, Not Seasonally Adjusted
LAUST390000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-41.89%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total employed civilian labor force in the United States. This metric is closely watched by economists and policymakers to understand the overall strength of the U.S. 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 data series tracks the total number of civilian workers employed in the United States, including both full-time and part-time positions. It is a key indicator of the health and size of the American labor force and is used to inform economic policy decisions.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the state of the economy and make informed decisions about fiscal and monetary policy.
Key Facts
- The U.S. civilian labor force totaled over 161 million workers in 2022.
- Employment levels have recovered to pre-pandemic highs as of 2022.
- The labor force participation rate was 62.2% as of the latest annual data.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total number of employed civilian workers in the United States, including both full-time and part-time positions.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and strength of the U.S. labor market, and is closely monitored by economists and policymakers to inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual, non-seasonally adjusted employment data to assess the state of the economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted employment data is published with a brief delay, but provides a comprehensive and reliable snapshot of the U.S. labor force.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST390000000000003A), retrieved from FRED.